Hand Benefits & Trust Launches New Collective Fund Series
Mar 13, 2019
Houston, TX (March 13, 2019) Hand Benefits & Trust (HB&T), a BPAS company announced today the launch of a new series of collective investment funds. HB&T is a leading national provider of employee benefit trust services including Collective Investment Trusts (CITs). The new series of funds, which will invest in BlackRock funds, consists of six passively-managed index strategies. They will launch as the least expensive index option available with no minimum investment. In addition, they will bring stronger benchmark tracking and institutional pricing to investors of all sizes, be available to qualified retirement plans, and trade on most major recordkeeping platforms.
| Index Funds | Benchmark | CUSIP |
|---|---|---|
| HB&T BlackRock Large Cap Equity Index | S&P 500 | 41026E251 |
| HB&T BlackRock Mid Cap Equity Index | S&P Mid Cap 400 | 41026E210 |
| HB&T BlackRock Small Cap Equity Index | Russell 2000 | 41026E244 |
| HB&T BlackRock MSCI ACWI ex-US Index | MSCI ACWI ex-US | 41026E236 |
| HB&T BlackRock U.S. Aggregate Bond Index | BBgBarc US Aggregate Bond | 41026E194 |
| HB&T BlackRock Short Term Bond Indexz | BBgBarc Govt/Credit 1-3 Yr | 41026E228 |
“With this new series, all eligible plan sponsors and their participants can access best-in-class passively managed strategies,” said David Hand, HB&T CEO.
About BPAS and HB&T
BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 3,800 retirement plans, $77 billion in trust assets, $1 trillion in fund administration, and more than 450,000 participants. With our breadth of services, depth of creative talent, and financial resources, we are well positioned to help our clients solve their benefit plan challenges without the need to engage multiple providers. One company. One call.
The BPAS family of services includes: Plan Administration & Recordkeeping, TPA, Actuarial & Pension, VEBA & HRA/HSA, Fiduciary, AutoRollovers & MyPlanLoan, Healthcare Consulting, Transfer Agency, Fund Administration, Custody, and Collective Investment Trusts.
Specialty practices include: Auto Enrollment Plans, Multiple Employer Trusts/Plans, Plans with Employer Securities, Puerto Rico Section 1081 Plans, VEBA HRA Plans, Cash Balance Plans, Collective Investment Trusts, and Fund Administration.
BPAS subsidiaries include: Hand Benefits & Trust, NRS Trust Product Administration, Global Trust Company, and BPAS Trust Company of Puerto Rico.
As a solutions-oriented national practice, we are committed to “Solving Tomorrow’s Benefit Challenges Today.” Visit bpas.com for more information.