Here's the scenario:

Benefits Admin Company (Company A) has requested to open a CD for their client Employer Pension Trust (Company B). They have given us the trust doc and pension plan for Company B. The trust doc states there are 6 trustees (all part of the participating employer group), but Company A is not named. The trust allows the trustees to engage a third party administrator, but does not specifically name anyone. The pension plan document states that the plan is administered by the Trustees and to refer to the trust doc for details.

The Benefits Admin wants us to open the CD as (not exact verbiage, but the gist anyways):
Employer Pension Trust
Administered by Benefits Admin Company

This is a fiduciary right? I'm thinking we should treat this like we do when one of our title companies opens an escrow/trust account for one of their clients in a 1031 exchange, and CIP the Benefits Admin Company.

Am I thinking about this the wrong way?