Defined Benefit Pension Plans

The Professionals at Bank of Ann Arbor can help you administer your existing defined benefit plan or we can help your company with a start-up plan. Defined Benefit Plans offer employers tax benefits and provide a fixed income stream to employees at retirement. We can help you determine the benefits of implementing a defined benefit plan versus a 401(k) or profit sharing plan.

Our trust officers have extensive experience in the administration of defined benefit plans for corporations and Taft-Hartley plans. We aspire to ease your administrative burden by offering the following:

Investment management services for defined benefit plans, utilizing mutual funds and individual securities
Regular meetings with an account officer and investment manager to ensure that investment objectives are being met
Timely processing of all benefit payments
941 filings and issuance of year-end IRS form 1099R