Compare These Top Vendors for IRA Plans


Directory of individual retirement account plans and providers. Vendors listed for rollover or traditional IRAs, as well as turnkey solutions for company IRAs.
Bank of America Merrill Lynch

Bank of America Merrill Lynch Offers Industry-Leading Retirement & Benefit Plan Solutions. Find Out How Our Vast Resources, Personalized Advice & Thought Leadership Can Help Your Employees Achieve Financial Wellness Today.

Bank of America Merrill LynchVisit www.benefitplans.baml.com

Search Results

401k Plans

Information on 401(k) plans.

www.business.com/finance/401k-plans/
401k Rollover

Business directory to 401k rollover information and advice.

www.business.com/finance/401k-rollover/
403(b) Plans

Resources and services for 403(b) plans.

www.business.com/finance/403b-plans/
Retirement Consultants

Retirement industry advisers and consultants.

www.business.com/finance/retirement-consultants/
Retirement Plans

Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.

www.business.com/finance/retirement-plans/
401k

401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.

www.business.com/finance/401k/
Making the Most of IRA Plans

Source: /guides/making-the-most-of-ira-plans-24908/

Whether your business offers an SEP IRA, SIMPLE IRA or self-directed IRA to its employees, you should understand how IRA distribution within your company can be adjusted to meet your specific needs, enrich the employee-employer relationship, and provide tax credits for expenses rendered in the process. While offering an IRA leads to better employee satisfaction, your business can also benefit from IRA distribution. Read More »

IRA Plans Basics

Source: /guides/ira-plans-basics-24899/

Set up individual retirement accounts (IRAs) to lure and retain quality employees. This provides you with a successful business tool as providing an IRA retirement plan to employees demonstrates your business's financial security as well as a sense of individual security to employees and their families. Read More »

IRA Plans


Employees who have 401k plans might wonder why they should worry about an Individual Retirement Account. It's simple: You can never save too much for retirement. An Individual Retirement Account is a saving plan that offers tax-advantaged growth. Some workers, however, delay participation because of confusion over the many IRA plans, such as a rollover account when you change jobs.

You can maximize your Individual Retirement Account savings, at and outside of work, with a simple three-part plan:

1. Examine the variety of IRA plans to find those that fit your overall retirement strategy.
2. Discuss Roth IRAs and 401k plans with your financial planner and workplace benefits representative before making any move.
3. Don't delay investing in an Individual Retirement Account. The earlier you start saving, the more money you'll have to enjoy retirement.

Choose IRA plans based on your overall finances

Picking the appropriate IRA plan depends on where you are now financially. Examine your current savings vehicles as part of a comprehensive retirement plan. Then take the appropriate next steps to maximize your retirement investments.

Roth IRAs vs. traditional IRA plans

Your choice of Roth IRAs or traditional IRA plans depends on your personal circumstances, but Roth IRAs are increasingly popular because their eventual distributions are tax free. Traditional IRA plans still appeal to some, though, because they offer an immediate tax deduction.
IRS Publication 590 and take a look at page 5, which includes a chart that shows the differences between Roth IRAs and traditional IRA plans. State Farm offers a table that compares both types of IRA accounts. Many financial services companies also offer comparisons of traditional IRA plans and Roth IRAs. Scottrade, Fidelity, T. Rowe Price and Charles Schwab & Co. all offer various IRA plans and rollover options.

Keep 401k plans working for you

Employers help you reach your retirement goals via company-sponsored 401k plans. But when you leave a job, don't leave your retirement money. Take control of your company savings via a 401k rollover account. If your new job offers such plans, transfer your account to the new company. If that's not an option, move money from 401k plans into an IRA rollover account.

After age 50, beef up contributions to IRA accounts

Age has its benefits when it comes to retirement savings. If you're age 50 or older, you can "catch up" by contributing an additional $1,000 to IRA accounts and 401k plans. Catch-up contributions are possible for all types of retirement savings vehicles, not just 401k plans, but each has special rules that must be followed.

  • It's usually not wise to leave 401k plans with a former employer. Many plan administrators charge fees to manage your money, regardless of whether you're still with the company or a former employee.
  • Carefully weigh whether the immediate tax break of traditional IRA plans is more important than the advantages of tax-free Roth IRAs.
  • You may put your 401k rollover amount into existing traditional IRA accounts. However, keeping your 401k rollover money separate simplifies tax recordkeeping.
  • Ensure any retirement account transfers are direct between old and new employers or via an IRA rollover. If you take direct possession of the money, you'll likely face early distributions penalties as well as owe any potential federal tax on the money.