Although the total number of assets in IRAs totaled $11 trillion at the end of the third quarter of 2022 (ICI), the IRA account itself is often not the most profitable piece of business for a firm. With ever-evolving tax laws and administration, compliance, and distribution expenses — not to mention required cybersecurity measures that must be in place to protect against fraudulent withdrawals — IRAs can sometimes seem like more headaches than they are worth. However, it can be critical to provide IRAs to current customers or use them to keep rollover assets in-house. Plus, today’s small IRA account holder could end up being the high-margin client of tomorrow.
Having a partner like American Trust Custody can help alleviate the administrative burdens of your IRA program. With multiple levels of administrative support – each designed around your current needs for administrative functions like tax and compliance reporting, distributions and investment selection, American Trust Custody has the solution that is right for you:
Automatic Rollover & Missing Participant IRA Services
Relieving our current clients’ burdens from abandoned retirement accounts is why the American Trust Custody Auto Rollover IRA Solution was developed.
Abandoned Retirement Plan Service
Employers sometimes become either unable or unwilling to continue a 401(k) plan — a major predicament for employees trying to access their funds and a financial and fiduciary headache for benefit administrators.
Outsourced IRA Administration
With multiple levels of administrative support – each designed around your current needs for administrative functions like tax and compliance reporting, distributions and investment selection – American Trust Custody has the outsourced solution that is right for you.
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