Smarter Wizards Make IRA and HSA Compliance Simple
If you’ve ever paused mid-transaction wondering, “Is this a transfer or a rollover,” or your staff are selecting the wrong transaction type only for you to fix it later, you are not alone. IRA and HSA transactions can get complicated quickly, and even experienced staff sometimes second-guess which form to use or how to stay fully compliant.
That’s why Ascensus has redesigned the IRAdirect contribution, application, and withdrawal wizards to make compliance effortless and form completion practically foolproof. Rolling out this fall, these enhancements bring a modern, guided experience that helps every user, whether new or seasoned, to complete transactions with confidence.
No more guesses. No wrong forms.
Instead of starting with a stack of blank forms, our Fully-Administered clients follow a simple question-based guided path that automatically determines the correct transaction type and generates the right documentation and signature-ready forms. The system does the thinking for you. So, your staff doesn’t need to know the nuances between a transfer or rollover, for example, and they don’t need to worry about selecting the wrong transaction type or missing a required form.
The result: a seamless, error-resistant workflow that saves time and ensures every transaction meets compliance standards.
Built-in accuracy and assurance
The redesigned form wizards contain the following features.
Smart guided questions that select the right transaction type and forms based on your answers.
Auto-populated forms and eligibility checks for transactions—including eligibility forms and contribution types like repayments, postponed contributions, and more.
Self-certification for late rollovers, with automatically completed IRS compliant forms.
An approver queue, supporting efficient reviews and approvals.
Unified forms and a simplified financial disclosure for consistent, compliant documentation.
New user-friendly financial disclosure that support any investment type.
These enhancements ensure that compliance is built right into the process, generating all the required documentation and forms to stay compliant, and not left up to memory or manual steps .
A smoother, more confident experience
With a refreshed look and feel, intuitive navigation, and new features designed around client feedback, the expert users of our form wizards, the updated wizards make every transaction faster, clearer, and easier to complete.
The all-new wizards also lay the groundwork for our upcoming IRAdirect Express integration model roll out, which will further streamline how financial organizations manage IRA and HSA transactions.
Get ready for launch
You no longer have to be an expert in every form or rule to process IRA or HSA transactions correctly. The new IRAdirect wizards make it simple, guided, and accurate so you can focus on serving your clients, not second-guessing the paperwork.
Is it time for your organization to let Ascensus do the heavy lifting for you when it comes to your IRA and HSA administration?
If you would like to learn more about our Fully-Administered Program, email us at salessupport@ascensus.com.
