Evercore Trust, a national trust bank and subsidiary of Evercore, provides specialized investment management, independent fiduciary, and trustee services to employee benefit plans.
With over $31 billion in assets under administration as of December 31, 2010, Evercore Trust has ongoing discretionary responsibility for qualified and non-qualified employee benefit plans, including defined benefit pension plans, VEBAs, ESOPs, 401(k) plans, profit sharing plans, and rabbi trusts, many of which plans hold large blocks of company stock.
Our team, formerly comprising U.S. Trust's Special Fiduciary Services business (SFS), has provided these services to employee benefit plans at America's leading corporations and institutions since 1987. The SFS team has served as an independent fiduciary to employee benefit plans sponsored by approximately:
Plan sponsors have routinely retained the SFS team to protect the interests of plan participants and beneficiaries in circumstances where there may be an inherent conflict of interest between the plan and management. We provide significant value-added fiduciary services in a variety of situations, while helping ensure compliance with the Employee Retirement Income Security Act of 1974 (ERISA).