Our Services
The Trust Company of Knoxville provides trust and investment services for individuals, businesses, and non-profit organizations throughout the Southeast and beyond. We've been helping clients accomplish their financial goals since 1987.
RETIREMENT PLANS
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Fiduciary Oversight
Anyone who makes material decisions about a retirement plan, or has the authority to do so, is a fiduciary. Every plan must have at least one named fiduciary, but there may be other fiduciaries by virtue of their role in the decision-making process. This may include decisions about administration and investments as well as appointing other service providers and fiduciaries.
A plan sponsor, trustee, or other fiduciary is ultimately individually responsible for operating the plan according to the plan document and ERISA regulations. Because many of those held to fiduciary standards are not experts in ERISA or investment management, the guidance to ensure that your fiduciary obligations are met is crucial.
As a discretionary corporate trustee, The Trust Company offers to assume the role of “named fiduciary” for retirement plans that we administer. This extends the highest level of protection to our employee benefits clients and their plan sponsors, on a corporate as well as an individual basis.
