Trust & Investment
For more information about retirement services, please contact your local BancFirst.
At BancFirst Trust and Investment Management, we believe it is our role not only to administer the employee benefit needs of your organization, but to actively reinforce to your employees the benefits of being with your organization. We strongly encourage employee participation and employee education.
Unique Employee Benefit Services
Whether you are an individual with retirement planning needs or an employer looking for ways to attract and retain the best employees, we can tailor a plan that is right for you. Our state-of-the-art, computerized recordkeeping system, IRS-approved prototype documents, daily-valued investments, voice response line, enhanced newsletter statements and internet access meet the efficiency demands of your most fast-paced employees and executives.
Our Employee Benefits Division is fully staffed with employee benefits specialists who perform every aspect of the employee benefits process eliminating your need for third-party involvement. From recordkeeping to administration and investment management, we have the proven expertise to handle the most complicated of employee benefit plans.
Our certified specialists help you select and implement the ideal retirement plan suited to your business. Our tax-qualified prototype plans can minimize your start-up costs and continuing fiduciary liability. Our plans provide numerous options for investment choices, vesting eligibility, and other features.
Employee Benefit Plan Types
BancFirst Trust and Investment Management offers several qualified retirement plans to you and your employees, whether you are self-employed, a partnership or a corporation. The plans include Keoghs, Simplified Employee Pension (SEP) plans, Salary Reduction plans (401k), Profit Sharing plans, Employee Stock Ownership plans, or Pension plans. We will consult with you to determine the best plan for you and your employees. As trustee for your plan, we provide the investment know-how, timely and accurate record keeping and reporting, and administrative services to provide you with an efficient and profitable employee benefit plan.
Trustee Individual Retirement Account (IRA)
If you are close to retiring or planning to change jobs, you may soon receive a lump sum payout from your employer’s retirement plan. You will have several options for receiving a distribution – you can take a lump sum distribution and pay income tax immediately, or you can defer taxes by rolling the distribution into an Individual Retirement Account. Our Trustee IRA provides you superb resources and proven expertise to manage your IRA rollover to provide maximum benefits.
By using the resources available to you from BancFirst Trust and Investment Management, you can make the decisions as to where you would like your retirement dollars invested. We will provide you the administrative and recordkeeping support you will need. Our representatives will execute your investment decisions and provide you periodic statements of your account. With a self-directed IRA, you have all the tax benefits of a regular IRA, with more flexibility and control over your investments.