BankChampaign's skilled local advisors can assist you with business retirement plans.
BankChampaign can serve as a Directed Trustee for various retirement plans, including Defined Contribution Plans (such as 401(k)s, Profit Sharing, and ESOP plans) and Defined Benefit Pension Plans. This enables plan sponsors to concentrate on their business operations while we handle plan investments and administration.
BankChampaign can act as a Discretionary Trustee for the same plans. We assume your fiduciary liability for plan sponsor activities, ensuring that all required reporting to the government and your employees is on-time and accurate, all compliance issues are addressed, and that the selection of investment choices for your staff is current and in adherence with current standards, reducing your liability in offering a retirement plan.
Whether we are a Directed Trustee or a Discretionary trustee, we meet with your staff annually, including new plan entrants, to discuss their investment choices and answer questions about the plan.
BankChampaign not only brings experience and knowledge to retirement plans, but does so in a way that is convenient and hassle-free for the client. To learn more about our services, call or email: