Independent Fiduciary Services
Eliminate risk and free up your team
Engaging a third-party, independent fiduciary is the most effective way to ensure your organization is able to stay away from costly conflicts of interest when it comes to your company stock fund or corporate trust.
GreatBanc’s team of seasoned fiduciary experts uses cutting-edge tools to diligently monitor and analyze your plan and investments.
Leave your complex trust operations to us so you can reduce risk and focus on what matters.
Independent Fiduciary for
Company Stock Funds
Independent Fiduciary for
Litigation Settlements
Independent Trustee for Public Company Stock Funds
As your independent trustee, GreatBanc ensures that your plan participants’ retirement savings in public company stock are being handled prudently, fairly, and legally — without influence from the company’s internal interests. Your independent fiduciary team is made up of members from our following business units:
Client Service Group
Our client service group is made up of experienced relationship managers and administration experts that are focused on day-to-day management of trust accounts. They serve as your go-to point of contact for inquiries and coordinate collaboration with our various internal support teams and groups.
Fiduciary Committee
Our Fiduciary Committee, comprised of members of our client services team and experts from our other specialized teams, is responsible for signing off on key fiduciary decisions and ensuring that our ERISA fiduciary duty is fulfilled.
Investment Committee
Comprised of portfolio management experts, the GreatBanc Investment Committee specializes in critical analysis of assets and holdings. They are responsible for assessment of our clients’ securities, capital allocations, and other financial interests.
Compliance Group
Comprised of attorneys that specialize in retirement plans, the GreatBanc Compliance Group is responsible for the review of trust documentation to ensure it aligns with applicable laws, regulations, and processes.
Independent Trustee Activities
- Monitoring: Track daily stock price changes and publicly-available reporting in relevant media, publications, and government filings.
- Analysis: Conduct regular reviews of earnings reports and financials, independent research, and professional third-party opinions; report findings.
- Fiduciary Oversight: Issue a verdict on prudence of the investment(s) and:
- 3(21) Make recommendations.
- 3(38) Implement changes to plan’s investment lineup
Independent Fiduciary Services for Litigation Settlements
An independent fiduciary ensures that a litigation settlement is truly in the best interest of the plan participants, free from conflicts of interest, and compliant with ERISA’s fiduciary standards. Your independent fiduciary team is made up of members from our following internal business groups:
Client Service Group
Our client service group is made up of experienced relationship managers and administration experts that are focused on day-to-day management of trust accounts. They serve as your go-to point of contact for inquiries and coordinate collaboration with our various internal support teams and groups.
Fiduciary Committee
Our Fiduciary Committee, comprised of members of our client services team and experts from our other specialized teams, is responsible for signing off on key fiduciary decisions and ensuring that our ERISA fiduciary duty is fulfilled.
Investment Committee
Comprised of portfolio management experts, the GreatBanc Investment Committee specializes in critical analysis of assets and holdings. They are responsible for assessment of our clients’ securities, capital allocations, and other financial interests.
Compliance Group
Comprised of attorneys that specialize in retirement plans, the GreatBanc Compliance Group is responsible for the review of trust documentation to ensure it aligns with applicable laws, regulation, and processes.
Independent Trustee Activities
Review & Analyze: Examine and assess relevant litigation filings and documents, including proposed settlement agreements.
Reporting: Provide an opinion on the adequacy of the settlement.
Want to learn more about our independent fiduciary services?