The Inspira Advantage
Inspira makes finalizing a retirement plan termination easy for Bankruptcy Specialists. Work with Inspira and we will accelerate your termination by handling the entire process, including all necessary participant notifications, at no cost to your firm.
Terminating Retirement Plan Distributions
Inspira's DOL-compliant final distribution process is the industry's most efficient means to wind down and distribute terminating or abandoned retirement plan assets.
Inspira's solution takes care of required participant notifications for you.
We send the initial certified mailings, perform electronic and beneficiary searches, and communicate any remaining lost participants to the Government for location and notification.
Accounts that remain after the participant notification process is completed are moved into Safe Harbor IRAs through Inspira and its Custodian. Once the accounts have been opened and the assets have been delivered, the trustee's responsibility is transitioned to Inspira.
What happens to the plan's participants?
We give every participant the ability to self-direct their new IRA using screened investment options and easy-to-use investment guidance tools. Click here to learn more about the Participant Experience.
To learn more about our Complete Outreach Program, click here. To accelerate your current and future plan terminations, call Inspira today.