FPS Group is now IPX Retirement! prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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CENTENNIAL, Colo., May 25, 2021 /PRNewswire/ FPS and iJoin now offer a hands-free solution to automatically rollover small accounts in 401(k)s and other qualified retirement plans to individual retirement accounts (IRA). This fully automated process includes address verification, money movement and account opening for former employee accounts valued at less than $5,000. The new workstream automatically identifies and confirms eligible accounts, searches for missing participants with frequent address searches and sends required notification mailings.
The new partnership builds on the low-cost automated solution already available through FPS Trust by providing a higher frequency of eligible account rollovers, which ultimately gets funds into the hands of terminated participants as quickly as possible while decreasing fiduciary liability for the plan sponsor.
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