Union Bank & Trust – Retirement Plan Services

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Union Bank & Trust – Retirement Plan Services

Union Bank’s (ubt.com) Retirement Plan Services has been providing full service for defined contribution and defined benefit plans since 1965 and has made a major commitment to staffing and software necessary to service these types of plans. We provide retirement plan services to over 220 plan sponsors, with assets in excess of $2.5 billion and more than 35,000 participants.

Our group offers professional retirement plan services for qualified 401(k), profit sharing, cash balance, 403(b), money purchase pension, government plans, employee stock ownership plans (ESOP), defined benefit pension plans and 457 deferred compensation plans. We offer a one-stop shop that sets us apart from other providers. This full package provides you with trustee, administration, record-keeping and investment services. In addition, our plan educational services are designed around the individual needs of the Plan Sponsor and their employees.

What changes have there been in the retirement industry in the past few years?

Actively seeking to retain assets within plans when an employee moves to another employer or retires. Union Bank helps with this by offering partial distributions and encouraging rollovers for other qualified plans. With us, you have fiduciary oversight, so the best interest of the participant is the number one priority.

What do you see happening with the business in the next five years?

  • Continued use of “auto” provisions—auto enrollment and auto escalation.
  • Continued emphasis on savings rates, ensuring that individuals are saving enough.
  • Larger adoption rate of workplace financial wellness programs.

What makes Union Bank & Trust different?

As a client of Union Bank Retirement Plan Services, you won’t have to make a phone call to a service representative you haven’t met. Our team of professional retirement plan specialists will work closely with you on your plan so your needs are addressed quickly and efficiently. The “one-stop” trustee, plan administrative and compliance assistance, record keeping, participant education, and investment services are all a part of our value-added services.

Tim Gregan, First Vice President, UBT’s Retirement Plan Services

UBT believes in supporting the health and vibrancy of the communities we serve, including Lincoln, Omaha, and communities across Nebraska. Our management and employees give generously of their time, talent, and treasure, supporting area non-profit organizations by volunteering thousands of hours, donating food and clothing, and giving thousands of pints of life-saving blood. It is great to partner with so many local businesses and non-profits to strategically offer an important savings benefit that meets the needs of the business and their employees.

We’ll take the time to get to know your business’s unique needs and goals. That’s what leads to financial solutions that fit. But it’s more than that. It’s family ownership. Strong roots in the communities we serve. Stability from sound decision-making. So get to know us, and you’ll see that you belong here.

Investment products: Not FDIC Insured‒No Bank Guarantee‒May Lose Value

ubt.com | 888.769.2362

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