Institutional Trust & Fiduciary
Hand Benefits & Trust
A full range of fiduciary trust and administrative services in support of CITs—with competitive and flexible investment vehicles for qualified retirement plans
Why Choose Us
What we do
Hand Benefits & Trust (HB&T), a pioneer in collective trust administration, has been providing employee benefit trust services since 1963 and administering pooled Collective Investment Funds since 1964. Today, HB&T is a recognized leader in Collective Investment Trusts (CITs), supporting more than 450 daily valued funds traded through the NSCC/DTCC platform. We partner with more than 90 investment management firms to help grow and scale their retirement plan and 401(k) businesses.
In 1964, we established the Hand Composite Employee Benefit Trust under which assets of employee benefit plans—qualified under Section 401(a), 414(d), or 403(b)(9) of the Internal Revenue Code—could be commingled, pursuant to the Composite Trust, for purposes of broad investment diversification.
Today, we focus on 3 primary areas of service:
- Collective Investment Fund Trustee Services
- Collective Investment Fund Administration Services
- Collective Investment Fund Transfer Agency Services
For more information regarding our Collective Investment Fund offerings, visit our HB&T document library.
Want to learn more?
Speak with our HB&T team at 1-866-401-5272 or [email protected]
Frequently Asked Questions
Access HB&T Trust Documents
Access HB&T CIFs
Collective Investment Funds are for the exclusive use of qualified retirement plans. The concept is to lower costs and achieve economies of scale by combining the assets of many qualified retirement plans, while avoiding the high transaction costs created by retail investors. These group trusts are grouped together into a master trust account under the control of HB&T, which acts as trustee, administrator, and transfer agent.
Collective Funds offer a variety of advantages for plan participants, plan sponsors, and retirement service providers. These include:
- Low expense ratios and transparent pricing
- Flexibility in fund holdings
- Transparency in fund holdings
- Simplified tracking
Most all of HB&T’s Collective Investment Funds are sub-advised by outside Registered Investment Advisors who are responsible for the distribution of these investment vehicles within the qualified plan marketplace.
HB&T is a wholly-owned subsidiary of BPAS.
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