Custody and Administration

Asset Custody

At the foundation of Trust Company of America’s self-directed IRA offerings is its custody expertise. Maintaining a strong focus on protecting traditional assets such as stocks, bonds, and mutual funds and non-traditional holdings such as limited partnerships, direct participation programs, and real estate, we help provide peace of mind to individual account holders.

Account Administration

In addition to protecting client assets, Trust Company of America provides a full range of administrative services for IRA accounts, including:

• Statements for individual account holders, their representatives, and other interested parties
• Facilitation of required IRS distributions
• Coordination with servicing agents
• Tax reporting
• Posting of principal, interest, and payments from amortization schedules

Distributions

In administrating distributions from IRA accounts, Trust Company of America follows IRS guidelines for minimum payout levels.

Online Account Access

Individuals and their representatives may view IRA account information around the clock via web-based access. Password protected, each account site includes current positions and a transaction history and is updated nightly to reflect balances as of the end of the previous day.

Consolidated Statements

To convey an accurate snapshot of a retirement plan’s profile, Trust Company of America provides consolidated statements that incorporate traditional and non-traditional holdings. Each statement features a high-level overview of account activity, a comprehensive transaction summary, fee information, and posting of principal, interest, and payments.

Tax Reporting

Trust Company of America handles required tax reporting responsibilities at the state and federal level. We send individual clients a year-end tax report that includes 1099R filings to report IRS-required distributions and 5498 filings to report fair market value.