Plan Administrators and Recordkeepers
Retirement Plan Custody
VMS has been working directly with
Retirement Plans in one capacity or another for 13+ years now.
We understand them inside and out, and have strong opinions about how
technology and business process should be structured to service them
well.
We also have opinions about who provides a bulk of the value to the plan sponsor and we don't think it's the custodian, that's for sure!
In our opinion, at the end of the day, it’s plan administrators and recordkeepers that provide a bulk of the value to the Plan Sponsor, so we’ve designed a custodial solution that doesn’t get in your way, so you can do just that (1).
Our goal is to put you – the plan administrator or recordkeeper – back in control of your assets, and to do so with the highest quality and least expense possible. Everything we’ve designed into our custodial product is intended to maximize your chances for success: From the 10,000+ funds available, to the complete and transparent accounting of all trailer fees, and everything in between. We want to be your preferred choice for plan custody.
Other custodians (and we all know who they are!) consider your assets to be their assets, and then proceed to act as such. At VMS you are our client, and we want to help you get and keep business.
Features included in our retirement plan custody solution
| • | Straight-though automated trading between your recordkeeping system, our custody system and the fund companies |
| • | Trailer fee billing, collection, reporting and remuneration back to your firm |
| • | On-line share and cash balance reporting including downloads to Excel |
| • | Flexible on-line account inquiry including all share and cash transactions and positions |
| • | Real-time transaction posting |
| • | Participant Distributions |
| • | Tax Reporting |
| • | Quick-and-Easy IRA Rollovers where you remain as the Advisor on the account if desired |
| • | Trust services |
| • | Self-directed brokerage accounts |
| • | Unitized company stock |
| • | Assets held FBO at the fund |
| • | Non Fund/SERV-eligible funds available upon request (i.e. GICs, Common Trust Funds etc.) |
Please contact VMS today at vmsportal@vmshelp.com or by phone at 1-800-867-4357 (1-800-VMS-HELP) if you’d like to learn more about how VMS can help you get and keep plan assets.
(1) Plan Custody provided by VMS's affiliate, Advisors Clearing Network, Inc.