Disclosures
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Important Disclosure Information
About the Firms
First Hill Trust Company (“First Hill Trust” or “FHTC”) is a Washington state-chartered trust company providing retirement plan fiduciary, trustee, custody, administration, recordkeeping, and related services. When engaged as discretionary trustee, First Hill Trust acts as an ERISA §3(38) investment manager and fiduciary with respect to the plan assets and authority specified in the governing trust agreement. BAC Capital Advisors (“BAC”) is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”) and a wholly owned subsidiary of First Hill Trust. Registration with the SEC does not imply a certain level of skill or training.
Plan sponsors may engage First Hill Trust, BAC, or both entities. When First Hill Trust is engaged as discretionary trustee, BAC provides sub-advisory services to First Hill Trust and, on its behalf, delivers sponsor meetings, trustee meetings, and participant education. When BAC is engaged directly without First Hill Trust as trustee, BAC enters into a written investment advisory agreement with the plan sponsor. Services, fees, fiduciary responsibilities, and the capacity in which either entity acts are governed solely by the applicable written agreements.
Regulatory supervision
First Hill Trust Company is chartered and supervised by the Washington State Department of Financial Institutions. BAC Capital Advisors is registered as an investment adviser with the U.S. Securities and Exchange Commission. Trust assets held by First Hill Trust Company are not deposits, are not insured by the FDIC or any other government agency, and are not obligations of or guaranteed by any bank.
Affiliated-party arrangement
First Hill Trust and BAC have a financial interest in plan sponsors engaging one or both affiliated entities. When First Hill Trust is engaged as trustee, its fees include amounts paid to its wholly owned subsidiary BAC for sub-advisory and related services. This is an affiliated-party arrangement, and the consolidated First Hill Trust/BAC enterprise benefits from the engagement. Plan fiduciaries are encouraged to obtain comparable information from unaffiliated providers as part of any prudent review process.
Informational Purposes Only
This website is intended solely to provide general information regarding First Hill Trust, BAC, and related services. Nothing contained on this website should be construed as personalized legal, tax, accounting, investment, fiduciary, or other professional advice. Nothing on this website constitutes an offer to sell, a solicitation to purchase, or a recommendation regarding any investment strategy, retirement plan arrangement, fiduciary structure, or advisory service.
No Advisory Relationship
Use of this website, downloading materials, attending webinars, submitting contact forms, or communicating through this website does not create an advisory, fiduciary, custodial, trustee, or client relationship unless and until a formal written agreement has been executed.
Illustrative Information & Benchmarking
Certain website materials may contain general educational content, benchmarking discussions, fee comparisons, operational observations, hypothetical examples, or illustrative analyses intended solely to support general discussion and fiduciary review processes. Such materials should not be interpreted as guarantees, projections, or assurances of future results, investment performance, fee savings or operational outcomes.
Benchmarking analyses and comparative information may rely upon publicly available filings, industry surveys, benchmarking studies, provider data, and other third-party sources believed to be reliable but not independently verified. Methodologies, assumptions, peer group composition, fee allocations, and service-scope comparisons may vary materially across sources and may not fully reflect all plan expenses, indirect compensation arrangements, or plan-specific considerations. Actual fees, services, and outcomes may differ materially from any illustrative examples presented.
Past Performance
Past performance does not guarantee future results. Investment and fiduciary decisions involve varying degrees of risk, and there can be no assurance that any strategy, investment, or service will achieve its intended objectives.
Code of ethics and proxy voting
BAC Capital Advisors maintains a Code of Ethics under Rule 204A-1 of the Investment Advisers Act of 1940. A copy of the Code of Ethics is available upon request. BAC does not issue proxy voting authority.
Copyright
All website content, graphics, branding, written materials, and downloadable resources are the property of First Hill Trust unless otherwise noted and may not be copied, reproduced or distributed without prior written permission.
Additional regulatory information, including BAC’s Form ADV Part 2A brochure, Form CRS, privacy notices, and related disclosures are available at the top of the page.