Pension Custodial Benefits

First Midwest Bank Wealth Management1 provides a full array of pension custodial services designed to meet the unique needs of each client. We work closely with you to identify key challenges and opportunities, build long-lasting relationships, establish effective growth strategies and provide the right mix of services to support your objectives. From plan setup to employee education, First Midwest Wealth Management has you covered.

  • Trade settlement, dividend and interest collection and monthly reporting
  • Monthly statement reporting by entity with consolidation reporting
  • Periodic account transfers and disbursements (as directed by client)
  • On-line access to accounts
  • Applicable reporting for 5500 returns
  • Pension plan distributions and withholding
  • Applicable 1099-R income reporting

Our Retirement Direct Management System (RDMS) portal provides administrators with all of the tools they need to effectively manage all aspects of their pension plans. For more information on Pension Custodial Benefits, contact a First Midwest Wealth Management Officer today.

Access RDMS
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Call us at 800.322.3623.

  • Monday – Friday: 7am – 7pm
  • Saturday: 8am – 5pm
  • Sunday: 9am – 2pm

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