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IRA Rollovers


Benefits for
your participants.

Here’s how your participants will benefit from FPS Trust’s IRA Rollover services:

Search and Notify
  • FPS is committed to reconnecting people with their money. FPS utilizes an integrated technology solution that immediately searches for updated participant info utilizing a database of 100,000 vendor resources representing 400 million individuals.
  • FPS sends a welcome letter using updated address information to notify participants of account openings — we continue to search for updated addresses on all accounts twice a year!
Participant Focused
  • Providing a default investment that credits a substantially higher interest rate.
  • In-house customer service call-center providing education and coaching the account owner on how to evaluate their options.
  • Employees are changing jobs more frequently than ever before, a trend that leads to wasted time and money on administration of their left behind savings. Additional plan fees, disproportionate cost-shifting to accounts with higher balances and increased fiduciary responsibility are just some of the issues fiduciaries face when employees move on.
  • Full access to 30,000 mutual funds, ETF’s, stocks and bonds.
  • E-signature processing leading to efficient access for your participant.
Low-Cost
  • FPS provides low-cost solutions and extraordinary service at an exceptional price.
Cost to establish an IRA $0
Annual cost for Administration and Custody $20
Cost per distribution and tax reporting $20
Paper or Electronic Statement fee $0

Employees are changing jobs more frequently than ever before, a trend that leads to wasted time and money on administration of their left behind savings. Additional plan fees, disproportionate cost-shifting to accounts with higher balances and increased fiduciary responsibility are just some of the issues fiduciaries face when employees move on.

 

We are here
for you.

Here’s why you, the sponsor, will appreciate this service

Cost Cutting
  • No fees to the plan sponsor.
  • Doing the involuntary rollover eliminates cost shifting to the higher balance participants.
  • Provides an opportunity for the Plan to reduce costs with the record keeper.
  • Regain administrative productivity and eliminate having to mail plan notifications and the Summary Annual Report.
Dedicated Service
  • Assigned dedicated account manager to handle for you the set-up and testing with your providers.
  • We will accept all account balances and no minimum requirements.
  • Accepts all asset sources, pre-tax, Roth and post-tax.
  • Providing solutions for Defined Contribution, Defined Benefit, Governmental and Taft-Hartley plans
  • — Solutions include: uncashed checks, M&A plan terminations, paying agent for DB/Pension plans and separate search services.
Simplify
  • Easy E-Signature option for the Plan Sponsor agreement.
  • Simplified and encrypted data load directly into the FPS web portal.
Reducing Fiduciary Concerns
  • Uncashed checks are the Plan’s responsibility. We can help eliminate them from your plan.
  • Innovative cost structure that gives your former participant the best opportunity to retain the most of their retirement account.
  • Higher yielding default investment that is unrivaled.
  • Simplifying the involuntary process to eliminate unnecessary steps for you, the employer.

 

FPS Trust makes it simple for you to select us as your Auto Rollover IRA provider.

Our innovative approach uses technology and talent to speed the process along for you. The two requirements of the Plan Sponsor are:

  1. To sign a Services Agreement, required by the Department of Labor.
  2. Provide authorization for your administrator to:
    • Work with us and establish and test the process
    • Direct your administrator to distribute remaining accounts.

 

Take the burden off your staff, contact Mark Koeppen

mark@fpstrustco.com
(719)960-4208

 

Download Our Service Agreement

Service Agreement
Questions on the agreement?

Contact Mark Koeppen at
(719) 960-4208.
Return Service Agreement to: mark@fpstrustco.com

 

"Most of what we say and do is not essential. If you can eliminate it, you'll have more time, and more tranquility. Ask yourself at every moment, 'Is this necessary?'"

- Marcus Aurelius
Roman Emperor 161-180 AD