IRA Provider Insights

New Year's Resolution Suggestions for Providers

Posted by Daniel McFarland on Dec 22, 2015 2:30:00 PM

The year is winding down, and it’s out with the old and in with the new! As the New Year approaches, it’s time to roll out your New Year’s resolutions for plan providers. Hopefully they’ll stick unlike the January gym-goers who fizzle out within a few weeks.

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Topics: Automatic IRA Rollovers, Auto-Rollovers, Automatic Rollovers

3 Easy Ways to Get Plan Sponsor Auto Rollover Agreements Signed

Posted by Cherie Steffen on Aug 11, 2015 2:23:00 PM

A couple months ago, retirement plan recordkeepers, TPAs, and advisors completed a survey we created concerning their use of Automatic IRA Rollovers. Almost half of the respondents - 46% to be exact - said that difficulty getting plan sponsor agreements signed was the biggest roadblock to them performing more Auto Rollovers.

With that in mind, we’re here are the top three easiest ways to get Plan Sponsor Auto Rollover Agreements signed.

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Topics: Automatic Rollovers

Survey Results: What the Industry is Doing with Automatic Rollovers

Posted by Lea Chrisman on Jul 30, 2015 10:00:00 AM

This past June, we decided to administer a survey to retirement plan recordkeepers, TPAs and advisors, regarding their use of Automatic IRA Rollovers. We wanted to gain a better understanding of how they implement and utilize Auto Rollovers in each of their specific plans. Over 2,000 surveys were sent out, and now we're sharing the results with you.

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Topics: Auto-Rollovers, Automatic Rollovers

The Importance of Diversification in Auto Rollovers

Posted by Cherie Steffen on Mar 26, 2015 2:00:00 PM

Let's say you just decorated the most beautiful eggs. But not just any eggs—these were freshly laid, from an organic, free-range old country, out-of-the way farm. They weren’t cheap either. These special, local, hand-picked-with-care eggs were a good three times the cost of those at the grocery store. And now that you’ve spent hours making sure each one was perfectly crafted, you carefully place the eggs in your trusty Longaberger.

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Topics: Automatic Rollovers

Why You Should Use Automatic Rollovers as a Sales Tool

Posted by Cherie Steffen on Mar 16, 2015 2:00:00 PM

W. Edwards Deming said, “If you do not know how to ask the right question, you discover nothing.” In the case of closing sales and holding on to your current clients, not asking the right question can hurt your bottom line. As a recordkeeper, simply asking your plan sponsors what they are doing with the names of their terminated retirement plan participants can lead to lessening fiduciary liability and reducing your administrative headaches. With IRS Form 8955-SSA, that translates to using Automatic Rollovers as a sales tool.

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Topics: Automatic Rollovers

GAO Released Report on Automatic Rollovers

Posted by Cherie Steffen on Jan 29, 2015 9:10:00 AM

A few weeks ago, the U.S. Government Accountability Office (GAO) released a 95-page report on Automatic Rollovers. Quite detailed and in depth, this review covers many points such as the reason for the report, GAO’s recommendations, and of course, their findings. One such finding that may be of importance to you as a Plan Record Keeper is that the returns on most default investments in the industry are not up to par.  In general, the GAO report is stating that we have to do better; at Inspira, we already are.

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Topics: Automatic Rollovers

A Brief History of Automatic Rollover IRAs

Posted by InspiraFS on Oct 7, 2014 2:31:00 PM

Retirement plans are an important part of any business, and there are lots of fantastic options these days for businesses of any size. Issues can arise, however, when an employer has to deal with lots of low account balances, particularly when employees leave the company. Without their former workers' new contact information, owners could be left with unclaimed accounts and a headache trying to get the money to its owners.

iStock_000003117570LargeThankfully, Automatic Rollover IRAs cut down on this problem significantly. Today we're going to have a short history lesson and find out how and why this process came to be!

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Topics: Automatic Rollovers

Inspira, Benefit Trust enter strategic IRA rollover partnership

Posted by InspiraFS on Sep 24, 2012 11:48:00 AM

Transparent_Logo, the retirement industry’s low-cost IRA provider, has signed an agreement with Benefit Trust Company that gives Inspira another Custodial and Trading platform to offer to its clients. The two companies are also planning to mutually market Inspira’s IRA rollover services to the Benefit Trust Company’s existing clients and prospects.

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Topics: Automatic IRA Rollovers, Auto-Rollovers, Automatic Rollovers

Welcome to Inspira's Blog

- Automatic IRA Rollovers
- Payroll IRA Programs
- IRA Outsourcing

This blog is our attempt to provide useful information on IRA-specific news, as well as interesting commentary on issues facing the retirement industry in general. We hope you find it helpful and informative. Have a topic suggestion? Comment below!

Inspira specializes in:

  • Automatic IRA Rollovers
  • SIMPLE, SEP & Payroll IRAs
  • IRA Outsourcing Solutions

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