Contributions. Aspire offers comprehensive reporting available instantly in multiple formats including PDF, Excel, Text, TIFF and HTML. ET at 866.634.5873. She has written for The Associated Press, The Motley Fool, Womans Day, Real Simple, Newsweek, USA Today and more. We deliver next-generation smart retirement solutions through our Information Technology team. A 200% match. Reliable demonstrating consistent work and building trusting relationships
If youve lost track of a pension, request a pension benefits statement from the plan administrator. A 403 (b) rollover is a transaction that moves funds from a 403 (b) to another retirement account type. We do our best to thoroughly explain the features and benefits of our smart retirement solutions. 403 (b) rollover basics. The bad: You have to find the new trustee, but that will change Jan. 1, 2024. Visit our corporate site. As an advocate for the participant, Aspire offers investment tools and calculators to help make these decisions easy and points strategic distribution partners and participants in the right direction to maximize returns. Aspire has built a robust benefits plan to recruit and retain the best and the brightest in the industry. First of all, you are not required to take all out of your 403 (b) account when you retire. InvestLink is an innovative technology-enabled platform that links the retirement planning community together to deliver smart solutions for any plan type independent of average account balance or plan sizeenabling our partners and customers with strong economic value and competitive advantage through a cost-effective transparent pricing structure and fully built operational model. Asset allocation is a powerful investment concept, but it's not a "one and done" task. Limited time offer. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. One time-honored way of defraying some of the risk inherent in investing is diversification. Participant education is segmented into three life cyclesGetting Started, Managing Retirement Investments, and Nearing Retirement. The deferred salary is generally not subject to . System automation with business rule processing for accuracy. To revolutionize the industry with new ways of managing retirement plans through technology and business process outsourcing solutions that serve the needs of all stakeholders with conflict-free investment choices, cost-effective pricing and customization. You may contribute up to $22,500 yearly to a 403 (b) in 2023 ($20,500 in 2022), or $30,000 yearly if you're 50 or older ($27,000 in 2022). Aspire delivers a full suite of smart retirement solutions for Individual Retirement Accounts (IRAs) including: Being a leader in the industry means monitoring issues and trendsand knowing how to respond and deliver smart retirement solutions that address what the market needs and how to grow business within the changing retirement landscape. Contacting PBGC About Unclaimed Pensions. When evaluating offers, please review the financial institutions Terms and Conditions.
Since the company opened its doors, Aspire has delivered fee transparency. Here are the ways someone can take money out of a 403(b) account without paying a penalty fee: Reach age 59 . Source Data
We focus on our values each day to deliver customer-centric service and respect for our team members. Link with all retirement plan stakeholders. Not every company is registered with this site, so if none of these searches yields results, move on to the next step. Short-Term Disability
Do not sell or share my personal information. Hit up missingmoney.com, run in part by the National Association of Unclaimed Property Administrators, to do a multistate search of state unclaimed property divisions[0]MissingMoney.com. It establishes why a company wants to do business with us. Your states treasury department should offer an online service that lets you search for your money. Find a Plan. This tutorial explains the need to rebalance your portfolio on a regular basis. It is this underlying value that has driven the growth of Aspire. The National Registry of Unclaimed Retirement Benefits works like a missed connections service where companies register with the site to help facilitate a reunion between ex-employees and their retirement money. Photo credit: iStock.com/koya79, iStock.com/svetikd, iStock.com/Geber86. InvestLink links to over 25,000 investment options including ETFs, collective trusts, stable value funds and mutual funds. Our single-threaded account management begins on day one of our partnershipwhen we assign a dedicated team of resources to the planfully trained to handle your unique needs and committed to making the partnership a success. Aspire is a community of dedicated professionals who care about our customers and their clients. Depending on your role in the military, some pensions are available to both veterans and their survivors. Over 12 years later, they still believe itthey are still making it happen and now they are once again leading the way by providing value-add smart retirement solutionsgoing way beyond recordkeeping, which is business as usual. Link to the InvestDesign Center to request a proposal, access sales materials and operational forms, link to sales and service teams, customize retirement management services and seamlessly integrate private-label branded solutions. account can impact the 401(k) account's investment value, reducing the opportunity to grow the investment. Trade & Fee History. You might be able to leave your old 401(k) money where it is if its in your former employers plan. As a Business Process Outsourcing (BPO) service provider, our purpose is to assist our partners with retirement management administration through real-time, on-demand technology-enabled solutions. Aspire is committed to support customers and participants quickly and thoroughly, providing guidance to deliver best-in-class smart retirement solutions, education, training and communications. Plan Investment Balances
Since 1859, Equitable has helped people build and secure their financial futures. You can track down your pension at pbgc.gov/search-all. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. Fax: 813.856.4543. Find a way to link all retirement plan stakeholders for all plan types to thousands of investment options and effectively deliver smart retirement solutions that advocate for the participant and deliver economic value for strategic distribution partners and customers. Click on these Frequently Asked Questions (FAQs) to get the information you need to understand why smart retirement solutions are best in class. Retirement plan management is complex in nature. Supplemental Accident and Cancer Insurance
Thats what you get with Aspire Financial Services the vision to design unique smart retirement plan services and solutions that make a difference and go beyond status quo. The annual rate of return for your 403 (b) account. Link with Aspire as a TPA, advisor, plan sponsor, strategic partner or participant. In many cases, you can also catch an Aspire thought leader at a speaking engagement or participating on an industry panel. , that money is still yours. At NerdWallet, our content goes through a rigorous, But no matter how long the cobwebs have been forming on your old. Compensation can be received as commissions or fee based. Service Oriented putting our clients needs first. Our experts offer decades of proven experience and knowledge in retirement plan administration and management staying current with industry trends and linking with industry professionals with memberships in ASPPA, NAPA, NIPA, NTSAA, and NAGDA. We serve all stakeholders with the same high level of commitmentimplementing the smartest retirement solutions to achieve goals across the board. Aspire offers the most extensive capabilities for retirement plan management nationwide.Click on the state where you live and find an experienced, knowledgeable sales rep to help you reach your retirement business goals. Long-Term Disability employer paid
The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. To access funds in your retirement account, you'll need to qualify through one of the following measures: Reach age 59 1/2. Participant Census Data
We are a dynamic, fast-growing organization with two office locationswith headquarters in Tampa, Florida, where the majority of our services are executed and managed and internal sales, support and technology teams based in our Denver office. Deferral Changes Report
Typically, the human resources department will have information on your account or point you in the right direction. December 26, 2016 (Observed), 866.634.5873
To use the rule of 55, you'll need to: Be at least age 55 or older. This facility maintains state-of-the-art 24-hour defense, power and communication systems to prevent unauthorized access (physically and electronically). Highly experienced implementation, trading, transfer, distribution, enrollment and relationship management professionals handle all aspects of your plans and your clients needs, With Aspire, it's always been about participants. Here is a list of our partners. Our values are the foundation of our high-performing culture. For assistance with the website, administrative or investment-related questions, participants can access the online Help Desk feature. Participant User Portal gives powerful access for individuals to manage their retirement accounts. If you're not sure where your old 401 (k) is, there are three places it's likely to be: Right where you left it, in the old account set up by your employer. Our goal is to engage our customers, offer administrative efficiencies, deliver greater profits, and market results-driven productsall through our strategic partners, value-driven comprehensive recordkeeping system, plan processing model and smart retirement solutions. If its been a while since youve heard from your former company, or if youve moved or misplaced the notices they sent, start by contacting your former companys human resources department or find an old 401(k) account statement and contact the plan administrator, the financial firm that held the account and sent you updates. Its all done through InvestLinkAspires conflict-free open-architecture investment platform that links to more than 25,000 investment options enabling the ultimate in flexibility and customization for plan design for our TPAs, advisors, sponsors and participants for 457 retirement plans. This video describes the reasons an employer should consider offering the Roth 401(k) options, including its attractiveness as an employee benefit and its value to high-income and younger employees.
We work with five different custodians allowing us to offer virtually unlimited choice in investments. Just make sure that the plan administrator won't assess you higher fees . To be the most trusted and reliable service provider of smart retirement solutions for all plan types that drive competitive advantage and greater outcomes through enabling technology and superior customer service. Mirror a 403(b) plan for investment strategy, Customize to the specifics of the plan design, Build investment options with a socially responsible investment policy, Thousands of open-architecture investment options, Capability to invest in exchange traded funds (ETFs), Third-party managed money options available through our strategic partners, Flexible contribution handling: online, ACH and by checkplan determines the frequency, Rollover IRA available for continuation of same participant account, Collaboration between advisor and participant to determine pay rate and payment methodcompensation can be received as commissions or fee based. 4010 Boy Scout Blvd., Suite 450
For site security, the system utilizes SSL with 128-bit encryption for all data transmitted through redundant Fortinet 110D on Data Center A and redundant Checkpoint Nokia IP290 on Data Center B with software programs that monitor network traffic. A 403 (b) rollover allows you to transfer your retirement savings from a 403 (b) plan into an IRA or other retirement plan when you change jobs or retire. Money withdrawn from a traditional IRA will not count toward your 403(b) plan RMD and vice versa. There are participants with different needs. We operate in a stable, fast-paced team environment. First and foremost, Aspire supports our strategic distribution partners by automating processes, delivering the latest technology, providing branded solutions, communicating on all levels and offering flexibility to make wise, cost-effective investment choices. The good news if a new IRA was opened for the rollover: Your money retains its tax-protected status. Available exclusively to educators, charities and other nonprofit-sector employees, the plan allows you to . Have left your employer voluntarily or involuntarily in the year . However, most people leave employers several times throughout their careers. A Traditional IRA is set up independently, and is not affiliated with your employer. Aspire Financial Services aims to be the provider of stellar retirement plan services. Operate within an open-architecture management system that goes beyond recordkeeping. This information may be different than what you see when you visit a financial institution, service provider or specific products site. All fees are disclosed. Options range from passive to active management strategies and from big to boutique fund managersall at the lowest possible cost. Participant Balances by Source/Fund, Plan Census
Paid Time Off (PTO). Finally, you may want to search the National Registry of Unclaimed Retirement Benefits. Aspire goes beyond the basic recordkeeping service model by offering end-to-end technology-enabled retirement management. We start on day one. Aspire's video library provides educational insights on investment concepts and retirement strategies in simple terms to help participants, plan sponsors, advisors and TPAs manage plans effectively to achieve retirement goals at every level. Planning for retirement isnt magic. Aspire is committed to delivering smart solutions that deliver results, operating ethically, advocating choices and strategically developing partnerships. If the company did not hear from you for an extended period, it might have transferred your funds to a separate, unmanaged account. This led her to Debt.com, where she covered topics relating to mortgages, debt and credit. When you purchase through links on our site, we may earn an affiliate commission. By not keeping all your eggs in one basket, you can often achieve a measure of protection from losing all your money on a single investment asset category. If a company terminates its retirement plan, it has more options on what its allowed to do with the unclaimed money, no matter what the account balance. Aspires open-investment proprietary platformInvestLinklinks to over 25,000 investment options including ETFs, collective trusts, stable value funds and any share class of mutual funds. Aspire is a retirement management solutions company that focuses on enabling our strategic partners. We provide everything you need to plan forand achievethe retirement you want, including practical education, easy-to-use tools and useful information that can help you easily manage your retirement savings over time. Contribution limits for 403 (b) plans are the same as for 401 (k)s. According to the IRS, the annual contribution limit is $20,500 in 2022 and rises to $22,500 for 2023. Aspire has deep experience in working with educators, school district officials, religious leaders, non-profit professionals and healthcare workersAspire knows what these different employer groups are looking for in a retirement plan and offers configurable investment menus based on group type and needs. Accessed Mar 21, 2023.View all sources. Its an innovative technology-enabled platform that links the retirement planning community together to deliver smart solutions for any plan type independent of average account balance or plan sizeenabling our partners and customers with strong economic value and competitive advantage through a cost-effective transparent pricing structure and fully built operational model. Kiplinger is part of Future plc, an international media group and leading digital publisher. Robert Beaupre leads the SMB team at NerdWallet. Employee benefits companies
We were named #18 on the Tampa Bay Business Journal Fastest 50 Growing Companies list in 2011. Aspires business model decreases the administrative burden, while enhancing the customer experience. The flat-dollar-fee model ensures that the plan recordkeeping costs remain fair and predictable. Just head to the website and enter your Social Security number, and the registry will search for any retirement plans associated with that number. In the case of a pension, it was either taken over by an insurance company or the federal Pension Benefit Guaranty Corp., which protects traditional pensions. Distribution from the 12/31/86 balance needs to start at age 75. The processing panel displays a list of pending loan and distribution requests submitted by plan participants who are authorized users at either the TPA or the plan sponsor level, allowing the TPA to design the most efficient process for the TPA business modelnot the recordkeeping provider. Missing Money. , an employee benefit data resource, also maintains a rundown of employee benefit plan paperwork. Aspire supports all retirement plan types independent of average account balance and plan size. But the IRS limits the amount you can contribute each year. Any money taken out at this point from a traditional 403(b) account will count as income and is taxed at the person's regular tax rate. Our collective service offering builds results-driven solutions and products. Our retirement plan services link people, investments and technology through InvestLink a proprietary open-architecture platform that simplifies the retirement management process by linking together the right partnerships with the right solutions that meet the varying needs of the marketplaceoffering transparent pricing and the flexibility to make wise, cost-effective investment choices. Note that if a plan administrator cashed out and transferred your money to a bank account or the state, a portion of your savings may have been withheld to pay the IRS. New York, Beginning then, plan providers will be allowed to automatically transfer your default IRA into the 401(k) plan offered at your new job.