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In response to evolving Defined Contribution vehicle trends, Ameriprise Trust Company has expanded its suite of collective trust funds in an effort to help meet the investment needs of defined contribution clients. The Columbia and RiverSource collective trust funds are maintained by Ameriprise Trust Company, a Minnesota-chartered trust company distributed by Columbia Management Investment Distributors, and available for investment by qualified retirement plans.

Collective trust funds continue to gain traction in the industry with Plan Sponsors that want to explore alternatives to mutual funds and appreciate the transparency of costs and fees associated with investments in collective trust funds.

Collective trust funds offer investors numerous advantages, including:

  • The potential for lower operating cost due to their relatively simple structure.
  • Operational advantages including daily valuation and daily processing of participant activity.
  • Generally lower minimums than separate accounts.