First National Bank’s Retirement Plan Advisory Services group has been named to PLANADVISER’s 2018 Top 100 Retirement Plan Advisers for the second year in a row, announced Stephen Wade, Senior Vice President, Investment Services. The group is listed among advisers nationally in two categories in PLANADVISER’s annual ranking: “Small Teams With $1.5 Billion or More in Retirement Plan Assets Under Advisement” and “Small Teams with 115 Retirement Plans or More Under Advisement.” First National Bank provides fiduciary advisory services to retirement plans totaling more than $2 billion in assets.
“We’re proud to announce that, for the second year in a row, our team has been recognized for its excellent work on behalf of more than 140 valued retirement plan customers,” said Wade. “The group, led by Chuck Smith, has significant depth of experience and this recognition reflects our ability to effectively advise successful retirement plans for a range of businesses.”
First National Bank has provided retirement plan services for more than 50 years and has provided full investment advisory services since the enactment of the Employee Retirement Income Security Act of 1974 (ERISA). The federal law sets minimum standards for most voluntarily established pension and health plans in private industry and protects the individuals enrolled in these plans.
The retirement plan adviser team works in partnership with businesses and their retirement plan committees, implementing an approach that delivers fiduciary guidance, investment due diligence, recordkeeping evaluation and plan design consulting.
“Our mission and our goal for our customers’ retirement plan committees is to act in their best interests; have no commissions, no hidden fees, no indirect compensation; provide independent, unbiased consulting; and accept the responsibility that comes with being a plan fiduciary,” Wade said.
To be eligible for recognition in this year’s Top 100, advisers had to submit a completed entry to the PLANADVISER 2018 Retirement Plan Adviser Survey, which was conducted this past September. First National Bank’s Wealth Management Group provides banking and investing services to individuals and institutions. The division has more than $25 billion in assets under administration and provides services across the First National Bank enterprise.Explore Advisory Solutions