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Rabbi trust and change in control services

Rabbi trust and change in control services

Executive benefits with a level of protection in the case of a change of heart or merger agreement

Rabbi trusts are designed to provide a level of protection for employee benefits in the case of future changes in management. Our proprietary rabbi trust can also be structured to provide discretionary trustee responsibilities to oversee trust provisions. Structuring a rabbi trust to include discretionary trustee responsibilities can prevent changes, alterations, or even reductions to executive benefits. But how does this work? By incorporating certain benefit protection language into the rabbi trust, the trustee is positioned to become a discretionary trustee if the company experiences a change of heart or a change in control. Consider these to protect employee benefits.

Our rabbi trust and change in control services can include:

Traditional trust & custody services:

  • Custody and safekeeping of assets
  • Trade settlements
  • Proxy voting
  • Development of the trust agreement
  • Investment performance reporting
  • Benefit payments

Discretionary trustee responsibilities upon and following a change in control or change of heart:

  • Company-defined funding requirements, i.e., annual true up
  • Discretionary trustee governance and oversight
  • Investment management and discretion to acquire, hold, and dispose of trust assets
  • Benefit determination by the trustee in the event of a dispute between the employee and new management
  • Potential litigation to enforce the terms of the trust

As an industry leader in rabbi trusts, we understand the sensitive nature of these agreements and are prepared to help provide input on the structure of rabbi trust provisions to help meet the goals of the organization.
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The subject matter in this communication is educational only and provided with the understanding that Principal庐 is not rendering legal, accounting, investment advice, or tax advice. You should consult with appropriate counsel, financial professionals and other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements. The information shown is not intended to provide any suggestion that you engage in or refrain from taking a particular course of action.

OCIO solutions and LDI solutions are provided by Investment Solutions, an advisory team within 亚洲无码Asset ManagementSM. 亚洲无码Asset Management leads global asset management at Principal庐.

Custody and trust services are provided by 亚洲无码Bank庐, Member FDIC, and/or 亚洲无码Trust Company庐. These services are provided under the trade name Principal庐 Custody Solutions. 亚洲无码Trust Company is a trade name of Delaware Charter Guarantee & Trust Company.

When 亚洲无码Custody Solutions is providing investment management services, 亚洲无码Custody Solutions serves as the investment manager or discretionary trustee but leverages the investment expertise of 亚洲无码Asset Management. Customers may also contract directly with 亚洲无码Asset Management for investment management services. In those instances, 亚洲无码Custody Solutions serves solely in a custodial or trustee capacity. Please refer to your underlying service agreements for details.

亚洲无码Global Investors, LLC is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a commodity trading advisor (CTA), a commodity pool operator (CPO) and is a member of the National Futures Association (NFA). 亚洲无码Global Investors advises qualified eligible persons (QEPs) under CFTC Regulation 4.7. 亚洲无码Asset Management is a trade name of 亚洲无码Global Investors, LLC.

Insurance products and plan administrative services provided through 亚洲无码Life Insurance Company庐.

亚洲无码Life Insurance Company, 亚洲无码Global Investors庐, 亚洲无码Bank, and 亚洲无码Trust Company are members of the 亚洲无码Financial Group庐, Des Moines, Iowa 50392.

Investment and insurance products are:

  • Not insured by the FDIC or any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, 亚洲无码Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the 亚洲无码Amount Invested

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