IPX Master Recordkeeping Transforms 403(b) Plans While Keeping Provider Choice. Two years after the creation of the IPX Plan Governance Program (PGP), IPX Retirement® is transforming standard recordkeeping and administration within the 403(b)/457 industry while preserving and strengthening the multi-product industry.
The concept of ‘governance’ could not be timelier. In the non-ERISA world, plan sponsors are charged with managing a plan that they often know very little about, especially within the multi-provider, separate recordkeepers construct. Well-meaning investment providers are often presumed to care more about their bottom line than being trusted as a partner in benefit solutions. That stigma trickles down to boots on the ground advisers…
A good governance plan simplifies life for all involved by reinforcing the established plan objectives, accurately representing the fiduciary structure, and details the processes and the required documentation. Without good plan governance, these details are often overlooked and can increase the risk for both litigation and liability.
In today’s evolving regulatory environment, it’s essential to make sure defined contribution plans are compliant and effective for their participants. Putting together a Plan Governance Program achieves both goals and is important both for plan sponsors and plan participants, even for plans not governed by ERISA requirements.
What is the first thing you do when you start a new fitness regime or diet plan? You start with reviewing what is in your pantry and removing any junk foods and other items that no longer fit within your plan. Much in the same way, if you’re looking to modernize your plan, you need a plan.
New governance program benefits 403(b)/457 retirement plan advisors and their clients.
IPX Retirement®, a leading retirement plan services provider, recently hosted the first Plan Governance Program Summit in Fort Worth, Texas on October 24-25, 2022. The PGP Summit served as a forum to review and discuss proven methods to improve plan governance for public sector retirement plans and to introduce the IPX Plan Governance Program to industry consultants and advisors.
IPX Retirement® announced today that account information for retirement plan accounts on the IPX Platform recordkeeping system can now be accessed through external account aggregation at over 200 financial institutions and platforms across the U.S.
IPX Retirement® has partnered with Benetic® to provide advisors an easy, efficient way to find the best retirement solutions for their Non-Profit and Governmental plans.
IPX Retirement is excited to announce that Allianz Life Insurance Company of North America (Allianz Life) is the first insurance carrier to offer an in-plan, guaranteed income option on the IPX Retirement Edge platform. The IPX Retirement Edge platform allows...
In July 2021, retirement plan services provider FPS Group changed its name to IPX RetirementTM. The rebrand reflects the name of their flagship recordkeeping platform, Investment Provider Xchange, and the company’s renewed focus on investor outcomes.
IPX Trust (formerly FPS Trust) and iJoin now offer a hands-free solution to automatically rollover small accounts in 401(k)s and other qualified retirement plans to individual retirement accounts (IRA). This fully automated process includes address verification, money movement and account opening for former employee accounts valued at less than $5,000.
A mix of school district administrators, from both large and small school districts in the western United States, are coming together on September 16, 2020 (virtually, of course!) to share how their districts are fighting to stay healthy during the pandemic.
The Investment Provider Xchange (“IPX”), an innovative solutions provider for retirement plan professionals, plan sponsors and participants in the 403(b) and 457(b) space, is making additional annuity products available for distribution. The move directly supports the needs and business objectives of fee-based advisors. At its core, IPX is an enhanced retirement plan recordkeeping application that is fully optimized for fee-based advisors in the governmental space.
Financial Advisor Kenneth Ford provides independent analysis and comparison of IPX platform for K-12 industry
If you are like many school district employees, there is a good chance you are using a 403(b) plan as a supplement to your pension to build a healthier retirement. Many of you probably signed up with a sales rep or agent that came to visit your school offering you their proprietary investment products. Perhaps they bought you lunch in the teacher’s lounge and gave a short presentation about the 403(b) basics. You listened and absorbed as much as you could, but there is a chance that all your other provider options were not fully presented to you.
As defined contribution takes over as the main retirement savings vehicle from defined-benefit plans, the system must resolve the issue of forgotten accounts.
by Fred Barstein via RPAConvergence.com
IPX platform is programmed to oversee all 403(b) retirement plan provisions to ensure compliance to State and Federal laws. Additional all TPA have access to IPX compliance report to provide additional oversight.
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Top administrators discuss the physical, mental, and financial wellness of their districts during this virtual event.
Platform enhancement allows 403(b) advisors to access annuity products alongside other investment vehicles and promote stronger participant outcomes
AdvisorConnect is a support network of plan sponsor-approved, registered financial professionals who specialize in the public-sector retirement space and has been designed as a value-add to plan participants seeking customized financial solutions.
By Rebecca Moore at planadviser.com