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PARS, U.S. Bank and Vanguard – the leading team in OPEB Trust Management
Categories: New England Developments,OPEB/GASB 45/75,PARS NewsProviders 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