A great 401(k) provider does more than manage retirement plans – they make your life easier and your team stronger. With Hills Bank, you can rely on a single point of contact, a local team ready to meet in-person, and personal attention and education for your employees. It’s retirement plan support that boosts morale, builds loyalty, and simplifies your day.
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Meet The Team
Get to know our local team members who will be your single point of contact.
Should You Switch Your 401(k) Plan Provider?
There are a few signs that your business could be better served elsewhere.
Local professionals. Personal service.
At Hills Bank, we make retirement plans simple. Our all-in-one service is built around what businesses and their teams actually need. You’ll get the personal touch of a community bank, plus modern tools and smart plan design. And with our easy-to-use online platform, both sponsors and participants can check in and manage their accounts anytime.
We serve as your one point of contact for every aspect of your company's 401(k) plan:
| Trustee: | As a Discretionary Trustee, we share in fiduciary responsibility with the plan sponsor, provide administrative support and education, and stay up-to-date with regulations. |
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| Custodian: | We collect income and provide safekeeping of assets. |
| Investment Manager: | Our experts select and monitor investment options, report performance, and conduct on-site or online employee meetings. Hills Bank is an ERISA Plan fiduciary under Section 3(21)(A)(i) of ERISA. |
| Recordkeeper: | We maintain participant records, prepare forms and IRS documents, process benefit payments and other participant-initiated requests, provide reporting to the plan’s sponsor, and provide daily valuation of plan assets. |
Whether it’s in person, over video, or on the phone, employers and employees can easily connect with a local Hills Bank benefits expert to get clear answers – fast.
Retirement Saving for Business Owners
Is your net worth tied up in the value of your business? Along with your employees, we can help you save for retirement too.
Read White PaperWant to learn more? Call one of our 401(k) Plan Specialists or request a free consultation today.
Investment products are not a deposit, not FDIC insured, not insured by any federal government agency, carry no bank guarantee, and may go down in value.