Employee Benefit Accounts

Employee Benefit Accounts

First Trust of MidAmerica serves as trustee or custodian for a variety of qualified employee benefit retirement plans:

  • Profit sharing plans
  • Defined benefit plans
  • Employee stock ownership plans
  • 401(k) plans

We specialize in small and medium size plans and support the efforts of independent advisors and brokers.

As a part of our services, we provide the following:

  • Consultation on plan design options
  • Assist with employee communications and meetings
  • Actuarial valuations for defined benefit plans
  • Government filings
  • Trustee and custodial services
  • Complete plan administration for qualified plans

Trust investments are not insured by the FDIC. Trust investments are not deposits or obligations of the institution and are not guaranteed by the institution. Trust investments are subject to investment risks, including possible loss of the principal amount invested.