Is Your IRA Program (And Your Team) Ready for a Refresh?
It’s the perfect time to look ahead to the new year. If your organization is like many in the industry, you’ve held off on team training and other onsite visits in recent years. You may have added new team members, but they haven’t been able to experience the face-to-face IRA training that they need.
Maybe it’s time for a refresh for everyone, including your IRA program.
At Ascensus, our experts look forward to connecting with you and your team members through in person training and onsite compliance reviews. If your organization has put off these professional services, we’re here to support your team and ensure your IRA program is compliant with the ever-changing rules and regulations.
Here are some of our onsite services that might benefit your IRA program and team in the year ahead.
Compliance Reviews
If it’s been a while since your organization has undergone an onsite compliance review, this year may be the best time to schedule one. New IRS guidance and other important retirement-related rules released since 2020 directly affect your procedures and IRA and HSA documents. An Ascensus compliance review is similar to an IRS audit, but we won’t penalize you if your IRA program is found to be out of compliance. One of our expert consultants will visit your organization for two or more days to review your procedures; examine your IRA, retirement plan, or HSA documents, amendments, and account owner files; and interview your team members to determine their understanding of the rules. You’ll then receive a customized report containing findings, recommendations, and analysis of your risk for IRS penalties. We often hear from our clients that our compliance reviews are a cost-effective way to ensure they are current and compliant.
Whatever the outcome, a compliance review will give you that peace of mind that if your organization is audited by the IRS, you’ll be ready.
IRA and HSA Workshops
After your compliance review, we recommend onsite training for your team. You’ll know what areas of compliance you need to work on after your compliance review and a training course will allow your team members to brush up on their basic IRA and HSA knowledge or take more advanced topics in person. Our Ascensus instructors are experienced, knowledgeable, and engaging. They can tailor the curriculum to those attending the training, and they can answer any questions that may come up. Rather than sending one or two team members to off-site training, why not host one of our workshops in house so you can train several employees at the same time.
Are You Ready?
We’re ready if you are. If you believe your financial organization would benefit from a compliance review and/or an onsite IRA or HSA training course, we’re here to help. To book a date that works best for your organization, contact your sales representative at 800-346-3860 or sales.support@ascensus.com.
