Missing participants in your retirement plan? The preferred solution: automatic rollover IRAs

Publisher: Inspira Financial

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Missing participants in your retirement plan? The preferred solution: automatic rollover IRAs

Missing or non-responsive participants can add to a retirement plan sponsor’s workload and may increase compliance risk. As a plan sponsor, you may be spending a lot of time on your former employees instead of helping your current employees thrive. Automatic rollover IRAs are a great way for retirement plans to remove costly, small-balance accounts of former employees, while preserving the tax-deferred status of their savings.

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