Support for Plan Sponsors
Truss IRA helps plan sponsors manage the operational and fiduciary challenges tied to small-balance distributions, uncashed checks, and missing or unresponsive former participants. Facilitating rollovers to an Automatic Rollover IRA can reduce administrative burden, limit the risk of outstanding distributions, and support ongoing efforts to reconnect individuals with their retirement savings. The solution is designed to align with applicable safe harbor automatic rollover requirements, including a principal-preserving default investment option and a fee structure comparable to that of IRAs established for purposes other than automatic rollovers.
Preserving Participant Retirement Savings
Truss IRA also helps protect former employees’ retirement savings through cost-conscious IRA administration, investment options designed to preserve assets until they are claimed or reallocated, and access to a diversified investment platform with self-directed investing and digital advice capabilities. Online tools and account access create an efficient experience for individuals while helping plan sponsors offer a prudent, participant-focused rollover solution.