Trust Accounting-as-a-Service: Accurate, Compliant, Scalable
Trust accounting is the financial backbone of retirement plan operations. Accurate reconciliation, timely reporting, and compliance with custodial and regulatory standards are non-negotiable — yet trust accounting remains one of the most resource-intensive and error-prone areas for recordkeepers, TPAs, and plan providers.
Congruent’s Trust Accounting-as-a-Service combines specialized retirement accounting expertise with process-driven execution to help you manage trust operations with confidence, accuracy, and scale.
The Challenge: Trust Accounting is Complex and Critical
– Daily Cash and Unit Reconciliation: Requires meticulous tracking across custodians, recordkeeping systems, and investment platforms.
– Multi-Asset Complexity: Stable value funds, mutual funds, employer stock, CITs — each has its own pricing, income, and transaction rules.
– Frequent Valuations: Daily or periodic valuations demand timeliness and precision.
– Compliance Pressure: Misstatements or delays can lead to audit findings, fiduciary risk, and sponsor dissatisfaction.
– Staffing Gaps: Recruiting and training skilled trust accountants is expensive and time-consuming.
The Solution: Congruent’s Trust Accounting-as-a-Service
We become your back-office accounting engine — delivering clean, compliant trust records that support every plan’s operations and audit needs.
How We Help:
– Daily Cash & Unit Reconciliation:
Track and balance cash flows and unit values across participant transactions, investment movements, and custodial records.
– Income & Expense Posting:
Record dividends, interest income, fund fees, and plan expenses accurately to reflect true plan value.
– Valuation & Pricing Updates:
Apply daily or scheduled NAVs, maintain historical pricing, and ensure accurate participant share calculations.
– Transaction Audit Trails:
Maintain clear, complete records for all fund activity — supporting fiduciary reporting and external audits.
– Custodian Integration:
Work directly with leading custodians (Matrix, MG Trust, Charles Schwab, etc.) for seamless transaction and balance feeds.
– Exception Management & Controls:
Flag and resolve out-of-balance conditions proactively with built-in checks and escalation processes.
– Scalable Accounting Teams:
Access experienced trust accountants who specialize in retirement plan operations — without adding overhead to your staff.
Why Congruent?
With 20+ years of exclusive focus on the retirement industry, Congruent delivers trust accounting services that are both operationally sound and regulator-ready. We understand the details — and the deadlines.
Outcome: Stronger Controls. Cleaner Books. Better Outcomes.
– Accurate daily/unit reconciliation
– Reduced operational risk and rework
– Improved audit readiness and reporting
– Lower costs with expert outsourcing
