The converted block of retirement plans consisted of prototype, custom-designed plans, defined benefit and Solo(k)’s, with the majority predominately invested in non-traditional assets such as real estate, tax liens, precious metals, promissory notes, oil and gas, equipment leasing, renewable energy and much more.
Going forward, all recordkeeping, third-party administrative services as well as adviser, participant and plan sponsor support will be handled directly by ExpertPlan, while Sterling Trust Company, will remain the appointed custodian for the plans.
Under Sterling Trust’s new branded retirement program, the two firms will begin an extensive marketing campaign to small-business owners seeking a fully-customized platform, offering any type of retirement plan with alternative investments.