Trustee & Custodial Services

Empower Trust Company, LLC (Empower Trust) provides a full complement of trustee and custodial services to ensure the timely and accurate administration of retirement plans, quality participant support, flexible reporting, and streamlined regulatory compliance.

Trustee and custodial services for retirement plans and accounts include the following:1

  • Processing contributions and distributions
  • Holding title to the assets and providing for the safekeeping of assets of the trust or custodial account
  • Investing assets and making transfers among investment vehicles
  • Withholding taxes on distributions and remitting taxes to appropriate taxing authorities
  • Making, executing, and delivering documents to carry out trusteeship or custodianship duties
  • Generating the required financial reporting

1 Services are delivered through affiliated entities.