What Can Heartland Trust Company’s Retirement Division Do For You?
At Heartland Trust Company, our Retirement Services Division is your all-in-one partner for 401(k) plan administration. We help businesses design, implement, and manage retirement plans that support employee financial wellness, meets regulatory standards, and gives employers peace of mind.
Our Core Services
- Trustee
- Third Party Administrator
- Investment Monitoring
- Recordkeeper
Comprehensive 401(k) Plan Administration
We guide employers through every step of the 401(k) process, from plan design and compliance testing to IRS reporting and investment monitoring. Our integrated approach simplifies retirement plan management and ensures consistency across all services.
Fiduciary Support That Matters
Every company with a 401(k) plan has a fiduciary responsibility to act in the best interests of the participants and beneficiaries of the 401(k) plan. Companies can never fully absolve themselves of their fiduciary obligations to the 401(k) plan, but Heartland Trust Company will guide companies in their fiduciary duties when hired as a Third-Party Administrator.
As a 3(21) Investment Fiduciary, we share responsibility with plan sponsors for selecting and monitoring investment options. Our quarterly reviews ensure that funds remain cost-effective, well-managed, and aligned with long-term retirement goals. We also serve as the Directed Trustee, providing fiduciary oversight and full administrative support.
Employee Education & Engagement
Offering a 401(k) plan is a significant investment for any company, but it can also be a powerful tool for attracting new talent and keeping your current employees engaged.
To get the most out of your 401(k) plan, your employees need to understand how it works and what the benefits are. That’s why Heartland Trust Company offers tailored education services to help your employees make the most of their retirement savings. We provide ongoing support through various tools, including:
- Enrollment meetings
- Group education meetings
- One-on-one planning sessions
- Market updates
- Guided online tools
- Educational resources
These resources help participants make informed decisions and maximize their retirement savings.
Regulatory Compliance Made Easy
Our team stays ahead of legislative changes, such as SECURE 2.0, and ensures timely plan amendments. We help employers maintain compliance with IRS and DOL regulations, so they can focus on running their business.
Behind-the-Scenes Expertise
We handle many of the technical details that keep your plan running smoothly:
- Keeping plan documents current
- Conducting annual compliance testing (ADP/ACP, top-heavy, coverage)
- Supporting operational compliance (timely deposits, loan monitoring, payroll accuracy)
Strategic Retirement Planning
Whether you’re starting a new plan or reviewing an existing one, we offer expert guidance tailored to your company’s goals. A well-designed 401(k) plan not only helps employees save for retirement—it also strengthens your ability to attract and retain top talent.
Ready to Elevate Your Retirement Plan?
Contact Heartland Trust Company’s Retirement Services Division today to learn how we can support your business and your employees’ future.
