Is it Time to Refresh Your IRA Program—and Reenergize Your Team?
If it’s been a while since you’ve taken a close look at your IRA program, now might be the perfect time. Whether your financial organization has been offering IRAs forever or you’re newer to the game, giving your program a refresh can do wonders—not just for your clients, but for your team and for your long-term goals.
Think of it like a tune-up for your car. Even though everything may be running smoothly, you will get a better performance, fewer headaches, and a lot more mileage. Here are some simple steps to help bring new life to your IRA program.
Compliance Reviews
Has your financial organization undergone a compliance review lately? New IRS guidance and other important retirement-related rules released in the past few years 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.
The Bottom Line
Refreshing your IRA program isn’t just about improving offerings; it’s about taking your organization and your team to the next level. By aligning your program with client needs, empowering your employees, and streamlining your processes, you can ensure your IRA program remains solid and compliant for years to come.
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.
