More Options = More Clients

Inspira makes it easy for Payroll Providers and PEOs to increase revenue and client loyalty by offering their own branded Payroll IRA program.

Benefits of Payroll Deduction IRAs

Based on feedback from our clients, companies that rely on you for more than one service are far more likely to remain loyal to your firm. Offering multiple solutions makes the relationship about more than just price. Inspira’s Payroll Deduction IRA solution gives you an additional service offering to increase client retention and revenue at the same time:

  • Private-labeling and full customization makes the product yours
  • Revenue shared to you from Employer fees and Employee account fees
  • Online account management with RoboAdvice from outside advisory firm
  • No cost to you to get started generating revenue from Payroll IRAs
  • Paperless plan establishment and account opening

Add to all of this the recent spike in 401(k)-fee related lawsuits, and it’s no surprise that businesses of all sizes – from 10 employees to 50,000 – are starting to make the transition to the painless world of Payroll IRAs. Eventually, this trend will start to show up in your client base.

Learn More About SEP, SIMPLE & Payroll Deduction IRAs

Payroll IRAs and State-Administered IRAs

State-Administered IRAs are being implemented in eight states in 2017 - California, Illinois, Oregon, Washington, Massachusetts, Maryland, New Jersey and Connecticut. 24 others are attempting to do the same, along with three major cities. The intention of these plans – giving uncovered American workers a chance to save for retirement – is noble. However, their problems are many:

  • Poor plan design resulting from a lack of industry knowledge
  • Undesirable investment options, including ONLY state bonds in some states
  • Little or no investment advice and education for the accountholder
  • Some states do not allow accounts to be rolled over to another provider

As a result of these obvious shortcomings, it’s no surprise that 56-percent of Small- and Medium-sized business owners oppose state governments administering their retirement plan, according to The Pew Charitable Trust. Comparatively, 82-percent of SMB owners support a plan administered by a mutual fund company.

Learn More About State-Run IRAs

The Inspira Solution - SEP, SIMPLE & Payroll IRAs

Inspira will put your business at the forefront of the Payroll IRA opportunity, whether it’s offering a Payroll IRA to employers in the affected states or simply being ahead of the curve in your sales strategy. Our Payroll Deduction IRA solution puts your firm at the forefront of the Payroll IRA market:

  • Private-labeling and full customization makes the product yours
  • Revenue shared to you from Employer fees and Employee account fees
  • Online account management with RoboAdvice from outside advisory firm
  • No cost to you to get started generating revenue from Payroll IRAs
  • Paperless plan establishment and account opening

Inspira makes it easy to start offering Payroll Deduction IRAs, SIMPLE IRAs and SEP IRAs to your clients, members or employees through your own branded portal. We handle all the recordkeeping, trading and compliance while you continue to collect revenue doing what you already do.

Learn More About Inspira's Payroll IRA Solution

Additional services for payroll providers & PEOs

The Inspira Automatic Rollover IRA Solution

Inspira is the only default IRA provider that gives clients choice in a default investment, including the Lincoln Fixed Account with a GMIR of 1.00%. We are also the only IRA provider with a system designed to encourage diversification by Automatic Rollover accountholders. Inspira has provided the following benefits to more than 7,000 Plan Sponsors:

  • Highest-returning default fund in the industry (1.00% GMIR)
  • 30-plus mutual funds and TDFs screened by outside advisory firm
  • Lowest net accountholder expense of any automatic rollover provider
  • No cost to the provider or plan sponsor
  • Fully compliant with Safe Harbor regulations and EGTRRA

Inspira’s solution is designed to give the account holder all of the benefits of a voluntary rollover, despite their status as a forced out client. We keep the account’s best interest at the forefront.

Learn More About Inspira's Auto Rollover Solution

Complete Plan Termination Solution

Inspira has worked on more than 600 Retirement Plan Terminations, including 401(k), 403(b) and 401(a) terminations. We have a proven process for rolling over accounts remaining in a terminated or abandoned plan, including those with balances of more than $5,000:

  • Fully compliant with DOL Field Assistance Bulletins 2004-02 and 2014-01
  • Start-to-finish consultation, including pre-termination
  • Assistance with participant notifications, forms and 402(f) notice
  • Partnership with Ascensus Trust to provide QTA services
  • Pre-termination participant searches to ensure higher success rate

Based on our experience, a typical plan termination takes 2-to-3 months. If your firm has already sent the appropriate notifications, that timeline can be cut down significantly.

Learn More About Inspira's Plan Termination Solution

Outsourced IRA Recordkeeping & IRA Rollover Capture

At what account size does your firm cease to turn a profit? $100,000? $50,000? How many times have you had to say no to, or simply lost money on, accounts below that minimum? What if you could start profiting on all accounts, regardless of size? Inspira will help you create your own IRA product to do just that:

  • Private-labeling and full customization makes the product yours
  • Revenue shared to you from account fees
  • Inspira handles all recordkeeping and account servicing, including calls
  • Ability to create your own RoboAdvice piece
  • Open architecture platform allows for use of virtually any fund
  • Paperless plan establishment and account opening

Inspira makes it easy to start generating profit on all balances and potential rollovers through your own branded portal. We handle all the recordkeeping, trading and compliance while you continue to collect revenue doing what you already do.

Get Started Outsourcing IRAs with Inspira Today