Financial organizations balance accuracy, speed, and service when handling asset movement requests.
Now our Ascensus’ IRAdirect clients have access to an updated tool designed to support those goals by making the submission process for IRA, ESA, HSA, and inherited account transactions more structured and easier to manage.
Read MoreWhen it comes to IRA administration, compliance isn’t just the best practice; it’s a necessity. One area that often trips up even well-run financial organizations is federal tax withholding notices for IRA distributions.
Read MoreMost of the time, reporting contributions is straightforward. But repayments and postponed contributions? That’s where reporting can get messy. With expanded distribution options under SECURE 2.0 and ongoing disaster relief guidance, there are simply more scenarios to track.
Read MoreFrom major IRS technology shifts to new tax reporting requirements, financial organizations are navigating more complexity than ever. Let us help take the reporting stress off your team and ensure you remain aligned with IRS requirements.
Read MoreThink of your IRA program as a finely tuned engine; even when it seems to be working just fine, a little maintenance can boost performance, reduce friction, and unlock new opportunities. Here’s how you can revamp your IRA efforts and build a stronger momentum across your team.
Read MoreEven for savvy savers, financial products such as IRAs, retirement plans, and HSAs, can be confusing. Add in new legislation and changing regulations, it’s not always clear which path fits a client’s long-term goals. Ultimately, what do your clients want? Clarity. Simplicity. Guidance.
That’s where smart consumer education steps in.
Read MoreIf 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.
Read MoreYour clients have faith that when it comes to their retirement accounts, you’ve got the details covered. And for the most part, that’s true. But IRA reporting has plenty of moving parts, and small mistakes can quickly lead to confusion, IRS corrections, or extra time spent untangling complicated problems.
Read MoreAscensus has made updating IRA disclosure statements easy. Clients who use our documents can use a 2025 full disclosure statement amendment to update their existing Traditional, Roth, and SIMPLE IRAs—including inherited Traditional and Roth IRAs as applicable.
Read MoreThere’s nothing routine about handling an IRA beneficiary claim after an IRA owner passes away. The forms may be standard, but the situation never is. Behind every beneficiary designation is a family sorting through loss, and a financial organization trying to help them navigate an unfamiliar and time-sensitive process.
Read MoreBuilding connections is at the heart of everything we do at Ascensus, whether we’re helping financial organizations serve their communities or working behind-the-scenes with our IRA administrative platform, IRAdirect®. Our new partnership with Janusea is about building more core connections.
Read MoreOn paper, beneficiary claims seem simple: someone passes away and your financial organization gives the money to whomever is listed on the beneficiary designation form. But in real life? There are all kinds of curveballs.
Read MoreWhile you’re not legally required to send out updated IRA documents for these new rules until December 31, 2026, or a later date prescribed by the Treasury Secretary, it can be a smart move for your organization. Here’s why it matters and what you should be thinking about.
Read MoreIn the financial services industry, compliance is key, and when it comes to IRAs, withholding notice requirements are one area you don’t want to overlook. If a financial organization is found to be noncompliant by the IRS for not following federal tax withholding requirements on IRA distributions, it can result in hefty penalties.
Read MoreBetween IRS rules, natural disaster extensions, and the new SECURE 2.0 Act provisions, understanding what should (and shouldn’t) be included on Form 5498 can save you and your team headaches down the road.
Read MoreIRA tax reporting can feel complicated at times, but with a little guidance, it doesn’t have to feel so daunting.
Read MoreWhen it comes to navigating financial products, like IRAs, retirement plans, or health savings accounts, even the savviest clients can feel overwhelmed. Your clients want straightforward information. That’s where consumer education comes in.
Read MoreGoing paperless in the workplace is no longer an option—it has become a necessity. As more financial organizations shift to paperless solutions, the benefits in terms of cost savings, time management, security, and environmental sustainability become undeniable. In this industry, the transition to digital processes is transforming the way our work is done.
Read MoreOn September 2, 1974, the Employee Retirement Income Security Act of 1974 (ERISA) was codified into our federal tax and labor laws. This landmark legislation revolutionized the management and regulation of employer-sponsored retirement plans, created Traditional IRAs that have provided incentives for all working Americans to save for retirement, and—with further legislative changes in the half-century since—has forever altered how Americans plan and save for retirement.
Read MoreThe 2023 tax season may be over, but that doesn’t always mean your work for this tax year is finished. Mistakes happen. But you might not find out about them until your client walks into your branch office with a tax form received from your financial organization that contains incorrect reporting information.
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