Institutional Trust Services - Hand Benefits & Trust Company
Valuation Services For Collective Trust Funds
Pooled collective funds can provide an economical, cost-effective solution to investing within qualified retirement plans. BPAS, through our Hand Benefits & Trust Company, currently serves as trustee and administrator for pooled collective funds. These funds are valued daily by our operations department, and can be submitted for trading on the NSCC (National Securities Clearing Corporation).
As an administrative trustee, we have the ability to provide a multitude of accounting services, including offering funds with multiple share classes to meet the needs of various plan sizes and distribution channels. Our staff has the experience and training to administer funds managed by third-party investment advisors.
- Market Value of Securities
- Unrealized/Realized Gains and Losses
- Interest and Dividend Accruals
- Expense Accruals
- Trade Date Posting
Composite Employee Benefit Trust
Hand Benefits & Trust established the Hand Composite Employee Benefit Trust on May 1, 1964. This provided a trust in which the assets of employee benefit plans—qualified under Section 401(a) of the Internal Revenue Code —can be commingled, pursuant to the Composite Trust for purposes of broad investment diversification.
These funds are maintained for the exclusive benefit of the tax-qualified retirement plans that have engaged Hand Benefits & Trust as a fiduciary or as an agent for a fiduciary.
Coalition of Collective Investment Trusts White Paper (May, 2015)
Advisors with Model Portfolios at a Cross Road! (March, 2012)
What Does 408(b)(2) Mean for Model Portfolios? (March, 2012)
HB&T/The Wagner Law Group White Paper (February, 2012)
First Trust Counter Inflation Portfolio - Fund Closing 5/31/16 (3/28/2016)
Notification of Change In Fund Expenses - Trademark Tactical Risk R6 Share Class (3/28/2016)
Batterymarch Small Capitalization Equity CIF Closing (4/7/2016)
HB&T Short Term Income Fund Monthly Reporting (updated 3/7/2016)
REVISED Advice Portfolio Funds & Tactical Core Stable Value Fund - Portfolio & Fund ExpenseChanges - Effective 12/15/15 (12/9/2015)
Hand Composite Employee Benefit Trust Document (updated 7/29/2016)
HB&T MetLife SVF Trust Document
HB&T Stable Value Collective Investment Trust (for HANYS Benefit Services client plans only)
Annual Audited Financial Statements
HB&T CIF 408(b)(2) Disclosure (updated 7/14/2016)
Fund Fact Sheets
CEBT Performance & Asset Reports
Collective Investment Fund Listing (updated 6/9/2016)
Hand CEBT Account Application (updated 4/11/2016)
Form 5500 Schedule C & D Disclosure (updated 2/2/2016)
HB&T Services Agreement Exhibit A (updated 04/11/2016)
To learn more about Collective Funds call Stephen Hand at
713-744-3826 or email firstname.lastname@example.org.