Heartland Trust Company
FIRM INFORMATION 1202 27th Street South, Fargo, ND 58103
Monica Millette, (701) 235-2002, monica@heartlandtrust.com
heartlandtrust.comBUSINESS PROFILEYear established:
1980National or local TPA:
LocalAre you a producing TPA or a 'non-producing TPA'?
Non-producingDC recordkeeping platform:
Yes (use our own platform only with some clients; use partner platforms for other clients)NUMBER OF PERSONNEL SERVING RETIREMENT PLANSSenior management:
1Other managers/administrators:
1Actuaries:
Sales staff:
Support staff:
2RETIREMENT PLAN PROFILERetirement plan assets under administration:
100,000,000Total number of retirement plans under administration:
55Total number of retirement plan participants under administration:
1,300NUMBER OF PLANS BY TYPE401(k):
55403(b):
0457:
0Nonqualified Deferred Compensation:
0Other DC:
0Defined Benefit/Cash Balance/Hybrid:
0FEE STRUCTURESFixed fee:
Per participant fee:
Basis points on assets:
YesOther:
Fees offset by revenue sharing agreements?
No State(s) where offices are located:
North Dakota (ND)PLAN ASSET SIZES SERVED<$1 million:
No$1 million - $5 million:
No>$5 million - $10 million:
Yes>$10 million - $25 million:
No>$25 million - $50 million:
No>$50 million - $100 million:
No>$100 million - $200 million:
No>$200 million - $500 million:
No>$500 million - $1 billion:
No>$1 billion:
NoRECORDKEEPING RELATIONSHIPSNumber of recordkeepers with DC selling agreements:
1Number of recordkeepers with DC assets:
2Number of recordkeepers where new plans placed:
2FIDUCIARY SERVICESPlan level 3(16) services:
YesPlan level 3(38) services:
NoParticipant level fiduciary services:
NoPRODUCTS/SERVICES OFFERED TO ADVISERS AND/OR PLANSCompliance support:
YesPlan benchmarking:
YesTarget-date evaluation tools:
YesInvestment committee meetings:
NoDesign/amend DC plan documents:
YesDesign/amend DB plan documents:
NoRecordkeeper transitions:
YesPrepare benefit statements:
YesProcess plan distributions:
YesPrepare loan paperwork:
YesNon-discrimination testing:
YesAllocation of contributions/forfeitures:
YesCalculate participant vesting %:
YesActuarial calculations & support:
NoForm 5500 preparation:
YesForm 5500 signing:
YesPlan audit support:
YesQDRO review:
YesSmall rollover IRA processing:
YesProvide fiduciary education:
YesAnnual 408(b)(2) assessment of fees:
NoInvestment selection services:
YesInvestment monitoring:
YesPRODUCTS/SERVICES OFFERED TO PLAN PARTICIPANTSEnrollment meetings (at time of hire):
YesRe-Enrollment meetings (after hire):
YesOne-on-one meetings with participants:
YesRollover assistance (into plan):
YesDistribution assistance (upon separation):
YesRetirement income planning:
YesFinancial/debt counseling:
NoEstate/tax planning:
YesAuthorize participant requests:
YesPrepare/deliver required participant notices:
Yes
