Account Recordkeeping Services

Simplifying administration of your Individual Retirement Accounts (IRAs), Health Savings Accounts (HSAs), and other tax-advantaged plans is easy with our Account Recordkeeping Services. With our comprehensive online tools and reporting services, you can meet your reporting requirements easily and efficiently.

This solution is comprised of web-based modules that make it easy to manage account owner information, enter account transactions, submit data and generate the reports you need. Reports are created using the up-to-date compliance based on IRS reporting requirements and legislative changes.

Features

• Data Locker—Account owner and transaction information can be accessed, processed, and saved for retrieval through the web site eliminating costly manual and less secure data transmission methods.
  
  
• Account/Plan Information—Quick and easy online access to account owner and plan beneficiary information.  
  
  
• Transaction Entry—Set up account owner and beneficiary information directly; enter contribution transactions quickly; and batch load earnings transactions. System edits and compliance checks ensure accuracy.  
  
  
• Message Center—Two-way communication without sacrificing security is available through our online message center. Email alerts notify you when a message is waiting for your response. 
  
  
• System Security—A designed administrator at the financial organization controls user access rights to system, modules, and tasks that can be performed. Secure Socket Layer (SSL) technology provides a secure Internet connection.
  
  
• Report Generation—Reports can be generated and delivered quickly or viewed online.
  • 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
  • Annual Notice of Minimum Distribution reports
  • Beneficiary reports
  • Account activity reports, profiles of accounts based on age, type of account, and other management reports
    
    
• Technical Consultants—Easy access to knowledgeable and experienced staff to answer your technical or operational questions.