Hand Benefits & Trust has been providing employee benefit trust services since 1963 and has been administering pooled Collective Investment Funds since 1964. Most all of HB&T’s Collective Investment Funds are sub-advised by outside Registered Investment Advisors who are responsible for the distribution of these investment vehicles within the qualified plan marketplace.
Hand Benefits & Trust established the Hand Composite Employee Benefit Trust on May 1, 1964. It provided a trust in which the assets of employee benefit plans—qualified under Section 401(a), 414(d), or 403(b)(9) of the Internal Revenue Code—could be commingled, pursuant to the Composite Trust, for purposes of broad investment diversification.
Collective funds offer a variety of advantages for plan participants, plan sponsors, and retirement service providers. These include:
- Low expense ratios and transparent pricing
- Flexibility in fund holdings
- Transparency in fund holdings
- Simplified tracking
Visit our Hand Benefits & Trust Collective Investment Trust microsite for more details.