Company Sponsored Retirement Plans

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GSB's Trust Department manages retirement plans for companies with a total of over 3,000 employee participants. Our goal is to be the one-stop provider of all of the services a company needs, relating to its retirement plans.

We work to make our clients' retirement plan successful, inexpensive, low-maintenance from the employer's viewpoint and very rewarding to the employee participants. We do this by spending a lot of time with our customers and their employees. We strongly believe that good retirement plans deserve individual attention and ongoing communication. Information on new legislation regarding changes in retirement plans is promptly shared with employers and employee participants.

For information, contact Terry Richter.

Our Services for Companies Include:

  • Initial consultation for new plan or takeover of an existing plan situation
  • Design and installation of company's retirement plan for employees (GSB is an IRS-approved prototype plan sponsor)
  • Independent, unbiased advice on investment options for participants
  • Employee education and enrollment sessions
  • Objective fund information and history available online from Morningstar
  • Financial and tax reporting plus record keeping.
  • Daily valuation 401K plans accessible online as well as by a live person during normal business hours using our toll-free number
  • Online access for participants to change investment selections and allocations
  • Quarterly visits to most of our clients, giving the participants a chance to talk to us personally about the plan.