Safe Harbor IRA

Employees change jobs more frequently than ever before.

This trend results in an increasing number of employees who leave their savings behind for you to administer when they leave your company. The balances they leave behind contribute to annual administrative costs—and they place the burden of locating former employees on staff that should be focused on current employees who are building value to the company.

Our Solution

IPX Retirement^® offers retirement plan sponsors an easy to implement, comprehensive service that solves the problem of missing participants, mandatory distributions and stale dated checks. We work to eliminate factors that create missing participants and significantly simplify administration.

Our no-cost, fully automated Automatic Rollover Program can…

Establish IRA accounts for non-responsive former employees with qualifying balances

Address terminating plans with non-responsive participants

Automate the exchange of participant data

Fully support a paperless environment

This unique platform was designed to meet the needs of…

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TPAs

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Recordkeepers

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Advisory firms

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Plan Sponsors

… while also placing an emphasis on locating participants, connecting them with their funds, and offering options for the most tax-advantaged use of their funds.

Called a Safe Harbor IRA^SM, our solution eliminates the headaches associated with involuntary distributions and uncashed checks while providing your former employees a secure, fixed income account at a competitive rate.

We understand the desire to protect these small balance accounts—and we go the extra mile to do just that.

Learn More

Services We Provide

Talk to us about…

An automatic rollover IRA offering for de minimus or small accounts under $5,000

Management of uncashed distribution checks

Read our Whitepaper

Missing participant searches and communications

Management and “wind-down” support for terminating plans

Learn how to restate your plan documents and meet the latest ERISA requirements and best practices. The end result is a reduction in fiduciary risk and plan costs.

Go Deeper

This video, recorded at the 2021 UPPO conference, captures a conversation between our in-house expert Mark Koeppen and Samantha Peterson, a nationally known expert in unclaimed property.

ERISA and 401(k) considerations — In-Depth