GROUPIRA

Happy New Year! GROUPIRA has exciting news to share at the start of this new year. We are proud to announce the launch of GROUPIRA? 5.0, a groundbreaking platform designed to revolutionize IRA rollovers. This innovative platform powered by Microsoft Azure further streamlines the automatic rollover process for our TPA, Recordkeeper and Advisor partners. GROUPIRA is giving valuable time back to our partners by automating data transfers using advanced tools leveraging APIs and SFTPs, which work together to move data securely and seamlessly. Looking ahead, GROUPIRA 6.0 will further enhance automation by pre-populating and merging Recordkeeper Platform required rollover forms to process rollovers, making it easier for our partners to complete and submit participant rollover forms. #IRA #automaticrollovers #tpa #advisor #recordkeeper #dol #compliance #innovation

?? Session: "Don't Forget The IRA! - Innovative Thinking, Rollover Considerations & Latest Trends" with Scott Okrasinski, PenChecks Trust; Sierra Shefferly, GROUPIRA; Peter Welsh, Inspira Financial & John Angelo Flavin - Investment and Retirement Plan Advisor, Aspire Capital Advisors LLC (moderator) #SPARKForum2024

?? Here are the Top 8 Reasons Why Rolling Over Terminated Members into an IRA with GROUPIRA is the Smart Choice for Employers ?? #AutomaticRollovers #PlanSponsors #TPA #Advisor #DOL #Fiduciary #Compliance #EmployeeBenefits

Address the growing challenge of lost participants with GROUPIRA The growing issue of lost participants presents a serious challenge for plan sponsors. GROUPIRA provides a robust solution to address this challenge, helping TPAs and their plan sponsor clients locate lost participants and reduce administrative burdens.

?? Streamline Automatic Rollover Management with GROUPIRA's Automated Services! ?? Are you a TPA and looking to simplify the mandatory distribution process for your plan sponsor clients? Look no further! At GROUPIRA, we specialize in providing seamless automatic rollover services that take the stress out of managing mandatory distributions. Here's how we can help: ? Effortless Services: Our automated system provides FREE lost participant searches and customized platform-specific mailing of 30 day notices/distribution packets without any manual intervention. ? Compliance Assurance: Access lost participant search results and customized mailers for your clients' fiduciary records. ? Customized Approach: All services can be customized to fit the dynamic of the TPA and their plan sponsor clients. ? Cost-Effective Solutions: Reduce costs and eliminate the complexities associated with manual rollovers. All GROUPIRA services are free! ? Plan Sponsor & Participant Satisfaction: Help terminated participants maintain their financial wellness by ensuring their retirement savings are in good hands, keeping their future secure. GROUPIRA fully rebates revenue sharing back to participant accounts, which meaningfully reduces their fees. Join the growing number of TPAs who trust GROUPIRA for their clients' automatic rollovers needs. Let us handle all of the work so you can focus on what truly matters. #RetirementPlanning #AutomaticRollover #EmployeeBenefits #FinancialWellness #RetirementSavings #IRAs #TPAs #Plansponsors

?? Managing Missing Participants: How GROUPIRA Supports Third-Party Administrators and Plan Sponsors??? Navigating the complexities of managing missing participants is a significant responsibility for third-party administrators and their plan sponsor clients. Ensuring compliance with Department of Labor (DOL) guidelines and ERISA laws is crucial to protecting plan participants and maintaining fiduciary responsibilities. At GROUPIRA, we are committed to providing the support and solutions needed to tackle terminated missing participants. ? ?? Plan Sponsor Fiduciary Responsibility & Compliance: ? Robust Tracking Systems: Implement advanced tracking procedures to maintain accurate participant records. ?Regular Communication: Ensure frequent contact with participants to update information and manage undeliverable mail ?Data Accuracy Audits: Conduct regular audits to verify data accuracy and ensure compliance with ERISA guidelines. ?DOL-Approved Search Methods: Utilize certified mail, checking other plan records, contacting beneficiaries, and free electronic search tools to locate missing participants. ?? FREE Specialized Services by GROUPIRA: ?Advanced Technology: Leverage cutting-edge technology to automate lost participant searches provided by LexisNexis and mailing of distribution packets to terminated participants. ?Expertise in ERISA Compliance: Our process and procedures align with ERISA fiduciary standards and DOL guidelines, providing peace of mind for plan sponsors. ?Comprehensive Documentation: Maintain thorough records of all actions taken to locate participants, demonstrating compliance and diligence. Tailored Solutions: Offer customized notices to missing participants to meet the specific needs of each plan, enhancing the effectiveness of participant response. ?? Benefits of Partnering with GROUPIRA: ?Reduced Administrative Burden: Free up time, money and resources by outsourcing missing participants searches and notifications ?Improved Participant Outcomes: Ensure that participants receive required notifications ?Compliance Assurance: Minimize the risk of penalties by adhering to all regulatory requirements and fiduciary duties. #GroupIRA #TPAs #PlanSponsors #DOL2024 #ERISA #FiduciaryDuty #MissingParticipants #UncashedChecks #Compliance #RetirementPlans #EmployeeBenefits

?? Happy 4th of July from GROUPIRA! ?? As we celebrate Independence Day, we reflect on the core values that make our country great: freedom, opportunity, and the pursuit of happiness. At GROUPIRA, we are committed to empowering individuals and businesses with financial independence and security through retirement. This 4th of July, while you enjoy the festivities, fireworks, and time with loved ones, take a moment to consider the steps you're taking towards retirement. Wishing you a safe and joyous Independence Day! #GroupIRA?#FinancialFreedom #IndependenceDay #IRAs #LongTermPlanning