Full Discretionary Trustee Retirement Services
ANB Trust provides a unique service and opportunity to businesses with existing group retirement plans through a complete turnkey trust alternative.
No one can remove 100% of the liability from an employer, but our ANB Trust accepts the role — in writing— of trustee, named plan administrator and named fiduciary. Where the typical trustee may be little more than a passive custodian, ANB Trust accepts full discretion—and therefore responsibility—for the prudent management of the plan and assets in its care.
Most trustees are directed or co-trustees that provide a minimum of service, typically an annual trust statement. In contrast, we monitor the entire plan through our Trust Retirement Committee. As full corporate, discretionary trustee and named plan administrator, we assume the role of the plan sponsor for the day to day operation and monitoring of the plan, relieving the plan sponsor of the majority of their fiduciary liability and the need for an oversight committee.