Employee Benefits

Generate value from your employee benefit plans.

Need help managing your investments and administering participant payments? Count on us to help stabilize and enhance your employee benefit offering. We work with third-party administrators, consultants and investment managers so you don’t have to.

Contact an expert

Get in touch

Kevin Weeks
Head of Business Development

Complete employee benefit distribution support

  • 24/7 online access to payment information, reporting capabilities and online participant tax forms
  • Daily lump-sum and off-cycle payment processing, as well as periodic processing
  • Timely and accurate distributions as electronic payments (ACH) or checks
  • Optional toll-free hotline to answer participant questions 24 hours a day, Monday through Friday
  • Federal and state tax withholding, annual tax form production and TEFRA mailing, annual IRS tax filings and all required state filings
  • Monthly unclaimed property and death audit reports
  • Direct data feeds to actuarial firms

Other post-employment benefits (OPEB) trust services

As one of the largest OPEB trust providers in the country, we work with you to help manage your assets and offer Section 115 or VEBA Trust document services under GASB. We were among the first financial institutions to provide trust services to help public sector employers set aside funds for future benefit obligations.

OPEB Trust services benefits

  • Trust administration
  • Trust document templates
  • Asset management
  • Ancillary revenue opportunities