Trust Point

A good benefit package, including a strong company retirement plan, is an increasingly important cornerstone for organizations. In a dynamic talent marketplace, the task of attracting, retaining and motivating employees is key. Organizations that manage their employees’ retirement plan well, help to educate them about their financial future, offer guidance to the complexities of investing, budgeting, and their retirement planning, have a real advantage.

Trust Point has built its legacy through decades of offering the best retirement planning strategies and customized solutions to help individuals, families, businesses, and nonprofits reach their financial targets.

“We are fiduciaries for our clients, legally obligated to act in their best interest and culturally committed to putting their needs first in our investment management approach,” says Allyson Krause, managing director of retirement plan services at Trust Point.

The team focuses on its exceptional service in designing efficient employee retirement benefit plans and providing engaging, informative and exciting education programs for employees about the substantial value of these benefits. The team diligently works to be an advocate for the retirement plan sponsors, or business owners, to help them attract and retain invaluable and talented workforces by helping employees’ feel secure in their financial future with evolving technology and investment solutions.

Various retirement plan metrics such as participation rates, employee deferrals, distributions, and loans taken are annually analyzed at Trust Point, and clients are offered an insightful overview of their 40(k) plans. This transparency enhances trust and accountability, ensuring clients’ financial well-being.

Retirement planning can be a complex and multifaceted endeavor, and Trust Point understands that managing it effectively requires a comprehensive approach. It predominantly works with 401(k) plans, with a focus on smaller to mid-size businesses.

Its approach is deeply rooted in being able to engage with clients personally, a level of interaction that makes a substantial impact. Trust Point offers an inclusive plan solution which streamlines the entire process, from investment management to compliance work, fiduciary responsibility, in-house record keeping, and efficient administration, creating a seamless experience for its clients. This sets Trust Point apart in the industry, allowing it to take a higher level of accountability as a fiduciary, a discretionary trustee, and a dedicated partner in its clients’ retirement plans.

In one instance, the retirement plan team assisted a client dissatisfied with their employees’ low participation rates in the employee retirement plan. Although the organization had many eligible employees, they didn’t perceive the plan as beneficial and didn’t participate. When Trust Point started managing the plan, the participation rates surged from 37 to 77 percent as a direct result of its effective educational programs and engaging kickoff meetings.

To stay ahead of the curve in the face of rapid technological advancements, Trust Point invests in technology, aligning it with its service-oriented culture. ‘The Trust Point Way’ is the mantra which reflects their organizational culture and core values, where employees are dedicated to doing the right thing, always giving their best, and loving what they do. This culture, built on integrity and passion, sets it apart from other retirement plan providers.

To expand its services to reach even more people, it has built a special division, Emerj360. This division assists in financial education and guides investors in their decision making during life’s most important financial decisions through expert insights on 401(k) optimization and retirement timing. It also offers on-demand resources and tools for comprehensive money management and retirement planning. This allows clients to open investment accounts and IRAs with lower minimums, making its services accessible to a broader range of individuals who want to prepare for the financial future.

Trust Point stands out as a beacon of trust and reliability in the realm of retirement planning, offering a unique blend of technological sophistication and personalized service. Staying committed to its core values and adapting to the changing needs of its clients, it continues to provide exceptional retirement plan services.