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Employee Benefits Administration

Convenient & Cost-Effective Employee Retirement Plans

First Bank & Trust specializes in bundled retirement plan administration—delivering your employer retirement services all under one roof. With qualified employee benefit plans and trusts, you work directly with us to design the plan. We also provide ongoing support and administration.
 
 
 
 
 
We offer access to top-quality mutual funds on a no-load, no-transaction fee basis, meaning all the money you invest is working for you. We also develop asset allocation models and manage your stock and bond portfolios. We administer a variety of plans:
  • 401(k) Plans
  • Profit-Sharing Plans
  • Money Purchase Plans
  • New Comparability Plans
  • Age-Weighted Plans
  • 457(b) Plans
  • 403(b) Plans
  • Davis-Bacon Plans
 

Features

Personal Service from a Trusted Institution
  • Employee communication and investment education
  • On-site enrollment meetings with ongoing participant contact
  • Bilingual forms and experiences
 
State-of-the-Art Recordkeeping
  • Daily valuation of plan assets accessible online
  • Live customer service Monday–Friday, 8 a.m.–5 p.m. and Saturday 9 a.m.–noon
  • Recordkeeping for employer and participant statements
  • Participant reporting
  • Streamlined, automated loan processing
  • Distribution processing, 1099-R tax reporting, and IRS withholding remittance
  • 5500 tax preparation
 
Responsive, Accurate Administration
  • Trustee services
  • Plan document drafting and maintenance (IRS pre-approved prototype documents)
  • Professional employee benefit consultation services
  • Legal compliance testing
  • Full plan sponsor management reporting
  • Experienced with multi-employer plans and controlled group issues
 
Flexible, Market-Driven Investments
  • Open architectural design to enhance fund selection
  • Quality investments in compliance with 404(c) Safe Harbor Guidelines
  • Member of the Fidelity Brokerage Platform and SunGard Transaction Network
  • Alliances with leading mutual fund providers; available without load fees or deferred sales charges