IRA ROLLOVER SERVICES YOU CAN RELY ON
REDUCE ADMINISTRATIVE COSTS
LIMIT FIDUCIARY RESPONSIBILITY
STAY COMPLIANT
401(k)’s and other workplace retirement plans are a great benefit to owners and employees, but small balance accounts of terminated employees create an administrative burden and extra costs you shouldn’t have to manage.
Why set up an auto-rollover IRA program?
There are four very good reasons to put an auto-rollover IRA program in place for your workplace retirement plan:
Reduce administrative costs: Automatic rollovers reduce the burden and costs of maintaining small balance retirement accounts for former employees, including lost participants and uncashed checks.
Limit fiduciary responsibility: Automatic rollovers help plan sponsors avoid risks associated with uncashed checks, such as the inability to locate participants.
Stay compliant: Automatic rollovers assist larger plans in staying below audit thresholds by managing participant counts.
Reconnect former employees with their retirement savings!
Since 2016,
eIRA’s IRA rollover services have made it easier for third party administrators, plan advisors, and their employer clients to fulfill their responsibilities in providing services to retirement plan participants.
Our Simple Workflow Makes It Easy for You
No more plan setup or manual data entry. Our highly automated process makes for a much smoother experience.
Simply sign an agreement
Upload your participant spreadsheet
Transmit funding
Free your team to focus on core business needs as your new IRA rollover process works to reunite participants with their retirement savings.
How can an automatic IRA rollover program reduce our company’s retirement plan costs?
Depending on your situation, reducing participants in your plan may help reduce administrative or recordkeeping fees and asset-based fees. Lowering your headcount may also help you avoid triggering an expensive financial audit of your plan each year. And, of course, you will save labor time by your team that can be more productively directed elsewhere.
Have questions about plans you serve? We’re here to help.