The Inspira Advantage
As a Bundled Retirement Provider, your firm is spending far more to maintain low-balance 401(k) accounts than they generate in fees. Inspira will improve your margins while providing an excellent experience for your former participants.
Auto Rollovers for Large Bundled Providers
Most Bundled Retirement Providers operate on a razor thin margin. If fact, many entities have vacated the retirement space because they had difficulty generating acceptable margins.
Inspira's Automatic IRA Rollover solution can help.
According to industry reports, on average, large platform providers incur annual expense of $175 to service a participant in a 401(k) plan (plans under 100 participants can average twice that amount). Small balance, terminated participants generate very little revenue. Inspira can help you remove small balance terminated participants and significantly enhance your bottom line.
With Inspira, you are in a prime position to improve your margins and provide a solid experience for your participants.
Inspira provides you with a variety of Auto Rollover options and even does the employee and plan sponsor marketing for you. Best of all, you will be enhancing your value to your plan sponsor clients by lowering plan costs and reducing the liability and additional work required to service the accounts of former employees.
Inspira has two Auto Rollover products from which to choose:
We also offer Custom solutions for a small up-front fee. Contact us to learn more.
With either of these products, you receive a complete outreach program to encourage plan sponsors to sign-up for your automatic IRA rollover program along with a system to provide notices to terminated employees about their distribution options.
At Inspira, we understand that providers have many options for establishing an Automatic IRA Rollover program. We are committed to providing the best experience possible.
Contact Inspira to discuss your Automatic Rollover strategy today.