MG Trust supports individual, employer-sponsored and custodial plan businesses delivered through Financial Institutions including: banks, Third party administrators, financial planners and registered investment advisors, and broker-dealers. We provide these institutions with the ability to deliver a wide variety of investment options and services to meet their clients' needs.

Whether we serve as a directed trustee or the accounts are self-trusteed, Customers can access the custodial and support services they need.

As directed trustee, MG Trust serves as custodian holding legal title to plan assets, but is directed by others with regard to the management and disposition of plan assets.

As custodian, MG Trust is responsible for safekeeping Customers' assets and will receive instruction from the plan administrator and/or its delegates regarding management and disbursement of plan assets.
There are a number of advantages of using MG Trust as directed trustee:

• Specialization in understanding the needs of plan sponsors, financial advisers, and administrators of qualified retirement plans;
• Experience in the handling the complexities of trust management;
• Dedication to acting in the best interest of plan participants and beneficiaries without conflicts of interest in providing plan services. Since assets are controlled by a corporate trustee, plan participants receive an extra degree of protection that plan assets will be used solely in the interest of the plan participants and beneficiaries;
• Accurate trust accountings, administrative functions and other specialized fiduciary reporting services that are designed for qualified plans and other institutional investors;
• Corporate trustees are regulated and monitored by a variety of governmental agencies and held to higher standards than individual trustees;
• The presence of a corporate trustee may lower the plan’s audit fees as a result of a “limited scope audit”