PARS, U.S. Bank and Vanguard – the leading team in OPEB Trust Management

Categories: New England Developments,OPEB/GASB 45/75,PARS News
Print Friendly, PDF & Email

Providers of top tier trust administration and investment management for retiree healthcare funding

Turn-key Solution…Economies of Scale…Industry Leaders – The PARS OPEB Trust brings together the strengths of industry leaders Vanguard and US Bank. Established in 2004 the PARS Section 115 trust was approved by the IRS and received a first of its kind IRS Private Letter Ruling and has grown to over 440 clients and over $5 billion in assets in 11 states.

PARS: Trust Administrator & Consultant

  • Administrator of fastest growing Section 115 Trust in New England
  • Develops and manages compliant trust documents

U.S. Bank: Trustee & Investment Manager Option

  • 5th  largest commercial bank and one of the nation’s largest trustees for Section 115 trusts
  • Provides ongoing advisory and co-fiduciary services

Vanguard: Investment Manager Option

  • Independent low-cost investment advisor
  • Economies of scale fee structure – invest funds for under 0.025% of assets (2.5 basis points)

The PARS OPEB Trust and its partners offer a comprehensive turn-key trust services solution providing our clients with:

  • Trust Administration & Trustee Services
  • Ready-to-go Compliant Trust Documents
  • Federal & State Compliance Monitoring
  • Flexible Low-Cost Investment Options
  • Fiduciary Investment Management
  • Annual Audit & GASB Reporting Support