First Community Trust Launches New Pooled Employer Plan Solution
POSTED on May 28, 2026 IN First Community Trust, N.A.
Partnering with Empower and The Finway Group to deliver a unique retirement solution. Read the press release below to learn more.
IOWA — First Community Trust (FCT), a leading Midwest-based wealth management and trust company, today announced the launch of Affiliates Choice Retirement Plan, a Pooled Employer Plan (PEP) designed to help employers lower costs, streamline administration, and reduce fiduciary responsibilities associated with offering a traditional employer-sponsored retirement plan.
Affiliates Choice Retirement Plan brings together the expertise of industry leading partners to deliver a single professionally managed retirement plan. In this innovative structure, FCT will serve as the 3(38) investment fiduciary and plan advisor, Empower will provide recordkeeping services and advanced technology capabilities, and The Finway Group will act as the designated Pooled Plan Provider, collectively simplifying retirement plan management for participating employers.
Employers of all sizes face rising costs, increasing complexity, and greater fiduciary risk when managing a traditional 401(k) plan. A PEP addresses these challenges by allowing multiple unrelated employers to participate in a single retirement plan with centralized administration, professional fiduciary oversight, and access to institutional-level investment pricing typically available only to larger plans.
“Retirement plan administration has become increasingly complex for employers,” said FCT Senior Vice President, Ryan Bryte. “Our Pooled Employer Plan solution brings together nationally recognized retirement plan providers in a coordinated structure designed to simplify administration, reduce fiduciary burden, and help employers focus more time on what matters most to their organization.”
The Affiliates Choice Retirement Plan is now available to employers seeking a more efficient and simplified approach to retirement plan administration.
For more information, please visit https://fctrust.com/.
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