|
|
Matrix Settlement & Clearance Services, LLC |
Charles Schwab & Co., Inc. |
Arrowhead Trust, Inc. |
ING Financial |
MFS Recordkeeper Plus |
| Daily Valuation Administration & Recordkeeping |
Yes |
Yes |
Yes |
Yes - Recordkeeping is provided by ING directly |
Yes - Recordkeeping is provided by MFS directly |
| Daily Valuation Recordkeeping Only |
Yes |
Yes |
Yes |
No |
No |
| Balance Forward Recordkeeping & Administration |
No |
Yes |
Yes |
Yes |
No |
| Administration Only |
No |
Yes - if in individual accounts |
Yes - if in individual accounts |
Yes |
Yes |
| Limited Service Testing, Calcula-tion & Document |
No |
Yes |
No |
Yes - ING provides additional administrative services |
No |
| Corporate Trustee availability |
Yes - through MCB Trust Services |
Yes - through the Charles Schwab Trust Company |
Yes |
Yes - through ING National Bank |
No |
| Self-Directed Brokerage Account Availability |
Yes - self-trustee can have at any broker-dealer; trustee clients will have Ameritrade availability effective 2003 |
Yes |
Yes |
Yes - for plans with over $1 mil |
No |
| Checkwriting/tax payment |
Yes |
Yes - Trust clients. Optional fee for custody only clients. Offers checkbook feature. |
Yes |
Yes |
Yes |
| Custodial fees |
Yes |
No - unless certain asset based pricing programs are used. |
No |
Yes |
Yes |
| Trustee fees |
Yes |
Yes |
Yes |
Yes |
N/A |
| Mutual fund availability |
Hundreds of fund families |
Hundreds of fund families |
Hundreds of fund families |
Mutual funds, private label and major fund clones |
MFS
only |
| Ideal for: |
* Plans with financial advisors compensated by mutual fund commissions |
* Plans without financial advisor or financial advisors who are compensated on a fee-only or wrap basis |
* Plans seeking corporate trustee services in the Southern California marketplace |
* Clients seeking multi-fund access with minimal out-of-pocket expenses |
* Clients seeking the ease of a single fund family and small out-of-pocket expenses |
