Account Recordkeeping Service

Administer all types of retirement plans with our Account Recordkeeping service, assisting you with developing the reports you need for the government, your IRA and HSA owners, and your organization. This service also offers extra communications that make your job easier and more worry free.

We incorporated a long check list of edits into our electronic editor system, which then goes through each transaction to make sure the proper reporting information is in place. Next, we check each individual report manually and monitor items, such as excess contributions and the age requirements for Coverdell Education Savings Accounts. If there's a discrepancy, you can rest easy knowing we will work diligently to find it.

Administration Assistance

• Annual Reports—Easily manage annual reports, such as preliminary and final Form 1099-Rs, fair market value reports, and preliminary and final Form 5498s.
  
  
• Required Minimum Distribution (RMD) Reports—Receive monthly RMD reports for your organization and Annual Notice of Minimum Distribution reports for your IRA owners.
  
  
• Miscellaneous Reports—Monitor your retirement plan programs and maintain timely communication with your account owners by taking advantage of reports, such as monthly reports of activity, semiannual reports of account activity for a two-year period, and profiles of your accounts based on age, type of account, etc.

Additional Services

• Technical Consultants—Access experienced help when you need it by contacting our technical consultants for your retirement plan concerns.

And More

• 70½ Alerts—Receive prompt alerts letting you know when our IRA and HSA owners become age 70½.
  
  
• Account Owner Communication—Obtain a timely and completed Notice of Minimum Distribution for your account owners.
  
  
• RMD Assistance—Gain from the practical assistance in developing and calculating required minimum distributions.