| For institutional
clients, a variety of situations deserve the independent
attention and administration of a corporate trustee.
Below are highlights for those areas where Mission
Management & Trust Co. may be able to assist you
as an institutional client. Mission can assume
as narrow or as broad a role as needed--from trustee
to custodian to investment manager, or all functions.
It's your choice.
Employee Benefit Plans
Employee benefit plans for which the employer wishes
the oversight of a directed corporate trustee. May
include defined contribution plans, defined benefit
plans, or non-qualified benefit plans.
- As one component in an unbundled benefit plan,
Mission as directed trustee under the terms defined
in the agreement governing the plan.
- Flexibility in accommodating different plan agreements.
- Mission as custodian, providing accurate financial
accounting for plan assets.
- Recurring and lump-sum disbursements for pensions
or other payments. Payments available in the form
of check or direct deposit to financial institution.
- Issuance of 1099Rs and IRS tax filing. Preparation
of amended 1099Rs as required.
- Assist in selection of investment management alternatives
for defined contribution plans
Charitable Trusts and Planned Giving
- Individual charitable trusts for which the donor
and the not-for-profit entity wish to have independent,
professional administration. Charitable remainder
and charitable lead trusts.
- Investment management, custody, and administration
for pooled income funds or charitable gift annuities.
- Trust systems that support appropriate tax reporting
and filing, record keeping and accounting. Annual
investment performance reporting.
- Disbursements of income or annuitant contract
amounts via check or direct deposit to a financial
institution.
- Adherence to Prudent Investor standards.
- Full time administration provided by Mission allows
your organization to concentrate on your primary
mission.
- Impartial management avoids conflicts-of-interest
between the income beneficiary and the remainderman.
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