Institutional Trust

Are you looking for a reliable banking partner to manage your organization’s investment portfolio? Since 1993, ABOC has been a leading provider of top-tier trust and investment services for unions and businesses alike, administering more than $15 billion in assets. We offer a full range of services, including equity and fixed income investment management, custodial and benefit payment services and participant-directed investment programs.

For information regarding custodial services or benefit payments, please contact Mary Murray, Senior Vice President, Institutional Trust, 312-822-3112 or mmurray@aboc.com.

Master Trust and Custody Services

ABOC offers an invaluable resource for plan sponsors, asset managers, and consultants.

Our Master Trust & Custody Service is your single source for:

  • Detailed plan information
  • Ongoing monitoring of complex investments
  • Online account tools for reporting and account history
  • Custody programs that match your needs

Small/mid-size plans

Our trust systems and dedicated operating staff support all custody, accounting, reporting, securities processing, and benefit payment needs on behalf of our clients. We manage the business process from beginning to end so that you can be confident that your assets are responsibly managed.

Large/diverse plans

ABOC has partnered with BNY Mellon Trust to offer comprehensive services for large plans with diverse and complex securities holdings.

Directed Trustee Services

ABOC can offer Directed Trustee Services to an Employee Retirement Income Security Act (ERISA) plan wherein another party is a named fiduciary with responsibilities as governed by the Trust's agreements.

Benefit Payment Services

  • Choose among several options are available to meet your institution’s needs. Options include periodic and non-periodic payments, via ACH or paper check
  • ABOC prepares and files all regulatory reports for deposits with state and federal withholding authorities
  • Additionally, ABOC prepares annual 1099R and TEFRA notices for each participant
  • Online access is available to review reports and participant inquiries

Cash Management & Sweep

We offer four Goldman Sachs mutual funds that can be customized according to our clients’ needs. These vehicles include:

  • Goldman Sachs Financial Square Prime Obligations Fund
  • Goldman Sachs Financial Square Treasury Instruments Fund
  • Goldman Sachs Financial Square Treasury Obligations Fund
  • Goldman Sachs Financial Square Government Fund

Short/Intermediate Fixed Income

We also have a Short/Intermediate Fixed Income product available for those looking for short-term returns. In this product, ABOC utilizes U.S. Treasuries, U.S. Agencies, and other short-term investments for our clients’ accounts. These offer dependable returns while minimizing risk.

Automatic Sweep

Our system provides the option to automatically sweep available cash balances on a daily basis into one of a variety of investment vehicles. High-quality, short-term investment vehicles include:

  • Government Cash Management - This fund seeks high current income and provides the added security of a portfolio of securities issued or guaranteed by the U.S. Government, as well as select agencies and instruments
  • Treasury Cash Management - This fund seeks high current income and provides the added security of a portfolio investing exclusively in treasury securities issued and guaranteed by the U.S. Government as to the timely payment of principal and interest
  • Cash Management - This fund seeks high current income consistent with the preservation of capital and the maintenance of liquidity. The fund invests in a diversified portfolio of high-quality, short-term money market instruments

Fund shares can be redeemed on the same day (although deadlines may vary by investment vehicle). All dividends are declared daily, paid monthly, and may be reinvested automatically.

Proxy Voting Services

Our Proxy Voting Service specializes in Taft-Hartley funds. Through a strategic partnership with a leader in this highly specialized area of corporate governance, we offer our clients customized proxy voting guidelines to assist the plan trustees in fulfilling their fiduciary duty. Each plan’s proxies can be voted according to their specific guidelines or the latest AFL-CIO guidelines.

Institutional Investment Trust

ABOC’s trust experts manage over $2 billion in institutional investments offering such products as short-term fixed income, short-term/intermediate fixed income, intermediate fixed income and Core fixed income as well as equity products offering you a more diversified portfolio.

Please note: An investment in any fund is neither insured nor guaranteed by the U.S. Government and there can be no guarantee that a stable $1 share price can be maintained. Neither the market value of any fund's portfolio, nor fund shares, are U.S. Government guaranteed.

Investments in trust accounts are not FDIC-insured, not bank-guaranteed, not a deposit, have investment risk, and may go down in value. 

Start Your Journey

Start your journey with ABOC to make the management of your investments more efficient!

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