Paying Agent Services

IPX Trust offers a variety of paying agent services.

Many of these are collaborations with Innovest Payment Solutions and are designed to give banks, trust companies and other providers the ability to fully outsource their benefit payments, health savings account payments, retirement distributions, and other distribution processes. The technology streamlines payment processing and improves customer service with accurate and on-time distributions.

As a part of this service, IPX Trust is responsible for the accuracy and timeliness of federal and state tax payments.

Our paying agent services offer you a dedicated team of experts that will:

Integrate to your trust accounting and recordkeeping systems

Manage online recurring and lump sum payment processing

Remit federal and state tax withholding

File all required tax forms

Process and fulfill ACH, wire, and check transactions

Perform daily reconciliation and movement of cash

Offer escheatment support

Monitor and support stale-dated check processes

IPX Trust is a non-depository trust company chartered in Colorado and is a wholly-owned subsidiary of IPX Retirement.

In tandem with our partner Innovest Payment Solutions, IPX Trust will also:

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Ensure data security and safety, including an SOC I Type II audit
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Offer personalized and automated workflows, and configurable, role-based permissions that meet your specific needs