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Why do you need a Trustee?

All qualified retirement plans in Puerto Rico are regulated by Title I of the Employee Retirement Income Security Act of 1974 ("ERISA"), which imposes fiduciary responsibilities on the plan administrators, trustees and employers. The complexity and breadth of ERISA, subject to continual interpretation by the Federal Department of Labor, as well as local tax considerations, make it increasingly difficult to conscientiously meet the fiduciary responsibilities that are a part of managing and administering a retirement plan. That's why many plan sponsors hire the services of an institutional trustee, such as the Fiduciary Services Division of Banco Popular, to help them develop, implement and manage a retirement program for their employees.

Need more help?

We are receiving an extraordinary volume of calls, which is affecting our waiting times. We appreciate your understanding and your trust in us.

Call us at 787.724.3659 or Access Mi Banco Online (desktop version), log in by entering your username and password, and in the upper part of the website click on “Contact Us”. From there, write your message, and we will gladly assist you.

We encourage you to consult the following information regarding useful and accessible solutions for you.



FDIC Member. Products and services offered by Banco Popular de Puerto Rico.

1Withdrawals are subject to the availability of funds in your account.

2Deposits are subject to the provisions of the Bank’s Funds Availability Policy. Easy Deposit Mobile is a free service and only for Banco Popular customers with individual deposit accounts and/or commercial accounts (FlexiCuenta de Negocios® & B-Smart®). Customers selected in accordance with the Bank’s eligibility criteria. Checks deposited before 6:00 p.m. of a business day will be processed the same business day, subject to verification and deposit validation. In the back of the check to be deposited, enter your signature, account number and the phrase “For Deposit Only at BPPR.”