Third Party Administrator (TPA) Partners

The GROUPIRA® Program helps retirement plan TPA Firms to grow their businesses, streamline their operations, and expedite plan termination services.

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Why Partner With Us

GROUPIRA's Automatic Rollover Program for TPAs is a no-cost, full-service IRA solution for terminated participants with balances under $7,000 which are subject to mandatory distribution. GROUPIRA's innovative online platform significantly enhances TPA services and streamlines internal automatic rollover operations. GROUPIRA understands the complexities and challenges when managing automatic rollovers. The TPA platform was specifically designed to simplify this process, save time, reduce compliance risks, and ensure clients' rollovers are managed with efficiency.

Automation & Efficiency

GROUPIRA has revolutionized the automatic rollover process with our highly automated system - making compliance effortless. Our portal allows our TPA partners to organize, manage, and track all rollover projects in one location. To start a rollover project, you simply upload a census data file with terminated participants that have balances under $7k. Then a lost participant search is automatically generated and produced within 24 hours. Customized and platform-specific 30 day notices/distribution packets get generated and mailed automatically within 3-5 days. We notify you when the 30 day notice period has passed and it's time to send us the funds.

Referral Program

Worried about lost revenue? Our competitive referral program has you covered! TPA Firms are eligible to enroll in our referral program. Referral fees can help TPA Firms supplement revenues or offset per participant revenue losses on disbursed accounts.

Lost Participant Searches

Searching for missing participants can be costly and time consuming, and we take this task off you and your clients' hands at no cost! Our automated lost participant searches are provided by LexisNexis, and all results are produced within 24 hours and easily accessible and downloadable for fiduciary files. Our searches also provide date of death for deceased terminated participants.

Notification & Fulfillment Services

We provide a wide range of capabilities at no additional cost. 30-day notices/distribution packets which align with DOL guidelines are not only customizable and recordkeeping platform-specific, but completely automated at a plan level. All produced distribution packets are easily accessible and downloadable for fiduciary files.

Program Capabilities

We pride ourselves in being an independent provider that accepts rollovers from any recordkeeping platform. All IRA rollovers are invested in a DOL Safe Harbor fund, with the goal of cash preservation and to maximize yield for our members. Our proprietary online platform provides our TPA partners with the ability to organize, monitor and track all rollover projects. For members, we provide an efficient online claims portal and live customer service support.

Voluntary IRA Options

We offer claimed accounts a voluntary IRA program. This is not only an advantageous solution for the member, but this can also help strengthen relationships with financial advisor partners because they now have the ability retain their clients they would normally loose to rollovers.