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:
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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.
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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.
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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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