American Trust Retirement

What American Trust Retirement does

American Trust Retirement is a U.S. B2B retirement plan recordkeeper and service provider, founded in 1976 and operating as a subsidiary of AmericanTCS. The company serves financial intermediaries — plan advisors, third-party administrators, and financial institutions — as well as the underlying plan sponsors and participants they support, with an open-architecture model that does not tie partners to proprietary fund families or insurance products. As of March 2026, the company administered $18B+ in retirement assets across 6,000+ plans and 248,000+ plan participants, with the broader AmericanTCS platform reporting $690B in total assets, 425,000+ plans, and 7M+ participants.

The platform is anchored by WorkSaveRetire, a flagship comprehensive plan management solution launched in 2024, and is supplemented by a modular suite including fiduciary services (402(a), 3(16), 3(38), PEP/PPP), investment solutions (Personalized Managed Accounts with lifetime income, ModelxChange for ETF/mutual fund portfolio trading and rebalancing, DepositxChange for FDIC-eligible cash products), recordkeeping and business process outsourcing, payroll integration across 200+ providers, IRA solutions, and bank/credit union outsourcing services. Underlying proprietary technology enables plan administration, ETF/mutual fund model management, and participant-level FDIC-insured deposit processing across participating banks.

The company generates revenue through a mix of asset-based fees on administered retirement assets, per-participant pricing, fiduciary service fees, and managed services for outsourcing arrangements. GTM is sales-led via regional directors selling to advisors, TPAs, and plan sponsors, complemented by white-label/private-label distribution to TPAs and financial institutions. The company is headquartered in Bettendorf, Iowa, with a regional hub in Denver following the 2021 acquisition of LT Trust Company. In May 2026, American Trust Retirement was acquired by Ascensus, reflecting broader consolidation trends in the U.S. recordkeeping industry.

Name

American Trust Retirement

Legal name

American Trust Company

Website

https://americantrustretirement.com

Company type

Private

Founded year

1976

Operating status

Acquired

Headcount range

251–500 employees

Short description

American Trust Retirement is a U.S. B2B retirement plan recordkeeper founded in 1976, serving financial intermediaries (advisors, TPAs, financial institutions) with open-architecture plan administration, fiduciary, investment, and payroll integration services across 6,000+ plans and $18B+ AUA.

Ownership category

akta.pro rank

Product category

Retirement Plan Administration

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Trust, Fiduciary, and Custody Activities (523991), Pension Funds (525110), Pension Funds (52511)

SIC

Investment Advice (6282), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Employee Benefit & Retirement Plan Trust Services (FSAAANAC)

akta.pro secondary industries

Trust Administration & Fiduciary Accounting Services (FSAAANAF), Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE), Retirement Plan Participant Advice & Managed Accounts (FSAEABAF), Directed Trust & Trust Advisory Services (FSAAANAK)

Keywords

• Retirement plan administration
• Recordkeeping services
• Fiduciary services
• 401(k) plan management
• Retirement outsourcing

Headquarters

HQ city

Bettendorf

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Recordkeeping and Administration Services: Ongoing recordkeeping and administrative services for retirement plans including 401(k), 403(b), 457 plans. Revenue generated through asset-based fees and per-participant pricing.
2. Institutional Outsourcing: Private-label/back-office outsourcing solution for third-party administrators and financial institutions. Provides technology, administration, and operational aspects of recordkeeping while partners maintain their brand presence.
3. Fiduciary Services: Comprehensive fiduciary solutions including 402(a) Named Fiduciary, 3(16) Plan Administrator, 3(38) Investment Manager, and Pooled Plan Provider (PPP) services. Revenue from fiduciary service fees.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

American Trust Retirement provides outsourced retirement plan recordkeeping, administration, and fiduciary services to plan advisors, third-party administrators, financial institutions, and plan sponsors through its flagship WorkSaveRetire integrated platform. Offerings span plan setup and compliance testing, participant servicing, payroll integration, investment solutions, 3(16)/3(21)/3(38) fiduciary support, personalized managed accounts, IRA solutions, bank and business process outsourcing, and Pooled Employer Plan services.

Product overview

American Trust Retirement is a retirement plan recordkeeper and service provider with nearly 50 years of experience, offering a comprehensive platform with WorkSaveRetire as its flagship product. The company provides a modular suite of services including fiduciary services (402(a), 3(16), 3(38), PEP/PPP), investment solutions (Managed Accounts, ModelxChange, DepositxChange), recordkeeping outsourcing, payroll integration (180° and 360° with extensive providers), personalized managed accounts with lifetime income, bank outsourcing, business process outsourcing, pooled employer plans, and IRA solutions. The platform serves plan participants, plan sponsors, plan advisors, third-party administrators, and financial institutions through both direct and private-label/white-label arrangements. As part of AmericanTCS, the company provides trading, custody, administration, and technology solutions enabling partners to create their own retirement offerings.

Differentiator

Problem solved

Functional benefit

Brands

• WorkSaveRetire: A comprehensive retirement solution that streamlines plan operations, enhances sponsor satisfaction, improves participant outcomes and frees up time for advisors and plan sponsors.

Products and services

• WorkSaveRetire

Quantifiable outcome

• Scale retirement business through administrative outsourcing
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core.

• PensionProcoreTechnology or IntegrationPensionPro is integrated as a technology partner for TPAs, providing workflow and plan management tools that complement American Trust Retirement's recordkeeping and administrative services.
• ADPcoreTechnology or IntegrationADP payroll integration including ADP Workforce Now, ADP Run, and Paychex FLEX for 180° and 360° payroll data transmission to American Trust Retirement recordkeeping system.
• UKG (Ultimate Kronos Group)coreTechnology or IntegrationUKG payroll integration supporting 180° and 360° payroll integrations with providers including UKG, UKG Ready, and UKG/Asure for seamless data transmission.
• PaychexcoreTechnology or IntegrationPaychex FLEX supported as 360° payroll integration partner enabling real-time data synchronization between payroll and retirement recordkeeping.
• PaylocitycoreTechnology or IntegrationPaylocity supported as 360° payroll integration partner for bidirectional data exchange.
• CeridiancoreTechnology or IntegrationCeridian DayForce and related products supported for 180° payroll integration connecting HR/payroll data with retirement administration.
• WorkdaycoreTechnology or IntegrationWorkday supported as 180° payroll integration partner for enterprise clients.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Empower Retirement: Largest U.S. retirement plan recordkeeper serving plan sponsors and participants through a comprehensive recordkeeping, administration, and investment platform—directly comparable in core service offering.
• Ascensus: Top-tier retirement recordkeeper that acquired American Trust Retirement in 2026; directly comparable in serving TPAs, advisors, and plan sponsors with private-label and full-service recordkeeping.
• ADP Retirement Services: Recordkeeper bundled with ADP's payroll platform, directly comparable to American Trust's payroll-integrated retirement offerings; serves similar small/mid-market employer segments.
• Paychex Retirement Services: Retirement plan administration bundled with Paychex's payroll/HR platform; directly comparable in targeting small/mid-market employers with integrated payroll-retirement solutions.

Broad incumbents

• Fidelity Investments: Diversified financial services giant with substantial retirement plan recordkeeping and administration business serving corporate 401(k) plans; competes with American Trust across plan sponsor and advisor segments.
• Charles Schwab: Major brokerage and retirement recordkeeper offering 401(k)/IRA services through Schwab Retirement Plan Services; comparable in plan sponsor and self-directed brokerage integration capabilities.
• Principal Financial Group: Diversified retirement and investment provider with significant recordkeeping, fiduciary, and plan administration business serving mid-market and enterprise plan sponsors.
• John Hancock Retirement: Insurance-backed retirement plan services business offering recordkeeping, fiduciary, and participant services; comparable in serving plan sponsors with bundled retirement administration solutions.
• T. Rowe Price Retirement Plan Services: Retirement recordkeeping arm of T. Rowe Price serving plan sponsors, advisors, and participants with bundled investment, recordkeeping, and administration services.

Emerging players

• Vestwell: Tech-forward recordkeeping platform focused on small/mid-market 401(k) and 403(b) plans; comparable in serving advisors and TPAs with modern recordkeeping technology.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/atretirement
• LinkedInlinkedin.com/company/american-trust-retirement

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Trust Retirement