A: For IRAs, Entrust acts as agent for custodial banks, which include Entrust Bank and Trust, and other banks and depositories. All uninvested cash is placed in FDIC insured institutions.
For qualified plans, such as the Individual 401(k), it provides the plan document, which is qualified under the IRS code. Entrust also provides record keeping services for the plan assets you elect. You may also Do Your Own plan, where Entrust is the plan sponsor, and you perform your own record keeping functions.
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