Custody & Administrative Services
Trust is essential to business relationships, particularly when important funds and assets are either changing hands, or are in need of long-term management. We are proud that for more than 100 years, corporations, non-profits and governments have trusted us to support their need for third-party custody and administrative services.
Key has a distinguished track record of professionalism when performing a variety of custody and administrative services, for organizations across the U.S. including corporations, pension boards, governmental agencies, organized labor and non-profits.
Our technology allows plan administrators to access current financial data, easily navigate through records and establish protocols that establish appropriate levels of access or confidentiality to information, individualized for each employee, stakeholder or business partner.
Key has held funds and managed assets for a wide range of companies, individuals and organizations throughout the U.S. Recent successes include ongoing work with organizations and their stakeholders in the following sectors:
- Corporate and Union Pension Plans
- Endowments and Foundations
- Various Public Funds
Key safeguards assets for multiple constituents with services including:
- Automated and accurate accounting and reporting
- Cost savings of single-trading and block trade
- Investment options including collective funds, separately managed funds and mutual funds
- In-depth reporting
- Automated cash management
- Secure internet services
- Simplified administration
Our experienced relationship managers and proprietary online systems allow us to deliver efficient and reliable benefit payment services for employees, retirees and other designated recipients. Our services and technology allow you to reduce your administrative responsibilities via online inquiry, mailing of 1099Rs to participants and filing of those forms with the IRS at year’s end, and processing of state tax withholding and reporting.
Plan administrators enjoy easy navigation and high protection firewalls for security. They can directly access or update financial and non-financial payment data.
Banking products and services are offered by KeyBank National Association. All credit, loan and leasing products subject to credit approval. Key.com is a federally registered service mark of KeyCorp. ©2015 KeyCorp. KeyBank is Member FDIC.