Services
Retirement plan solutions that are good for business and great for morale.
A well-run retirement plan is a recruiting tool, a retention tool, and a fiduciary responsibility all at once. Our Retirement Plan Division helps businesses of every size design, manage and administer plans employees actually use well.
Whether you're launching your first 401(k) or reevaluating a plan that's grown stale, our Retirement Plan Division acts as an extension of your HR and finance teams — handling the fiduciary heavy lifting so you can focus on running your business.
What we handle
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Plan design & setup
We help you choose the right plan type and design features — matching formulas, auto-enrollment, vesting schedules — for your workforce and budget.
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Fiduciary support
We help plan sponsors understand and manage their fiduciary responsibilities, including investment menu oversight and required documentation.
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Investment menu management
Our independent research team monitors and refreshes the plan's investment lineup, so participants have quality options without an in-house product to promote.
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Employee education
We provide enrollment support and ongoing financial education so employees actually understand and use the benefit you're offering them.
Plans we support.
Plan Types
We work with businesses and organizations across a range of plan types and sizes.
- Full-service design, recordkeeping coordination and investment oversight for defined contribution plans.
- Support for both for-profit and nonprofit organizations, including 403(b) plans for tax-exempt employers.
- Plan health checkups to identify low participation, poor fund performance or unnecessary fees.
- Investment management for traditional pension plans, coordinated with your actuary's funding requirements.
- Cash balance plan design for business owners looking to accelerate retirement savings.
- Ongoing monitoring to help plans stay on track toward their funding targets.
- Deferred compensation plan design for retaining key executives beyond qualified plan limits.
- Informal funding vehicle management to help offset the employer's future benefit obligations.
- Coordination with your compensation committee or outside counsel on plan structure.
- Committee meeting preparation, including investment reviews and fiduciary training.
- Assistance with plan document updates and regulatory filings.
- A dedicated point of contact who knows your plan, rather than a rotating call-center relationship.
About Michi Trust Managers
Michi Trust Managers, N.A. is a nationally chartered trust bank, wholly owned by Michi Financial Holding Company. Michi Financial Holding Company is also the sole owner of Michi Trust Managers Delaware, a Delaware limited-purpose trust company. Both entities provide fiduciary and non-fiduciary services, including trustee, custodial, agency and investment management services, along with personal trust, retirement plan and family office services.
Michi Financial Holding Company and its subsidiaries do not provide legal, tax or accounting advice. Please consult your own advisors to determine how this information applies to your situation.