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CoPilot Workplace Savings IRA

Offering a workplace retirement savings plan helps employers retain and attract employees. We think all workers should own their retirement readiness, and we are glad you are taking the first step to help them get there!

With the CoPilot Workplace Savings IRA, you’ll see how many years of retirement your money will buy, not just how much you’ve saved, with our proprietary Years of Retirement tool.
 

 
 

 

CoPilot IRA is more than just another IRA. It includes:

  • Easy online setup for employers and employees

  • No employer cost, employees pay low monthly fees

  • Payroll integration capabilities

  • A team of experienced representatives to support employees

  • Alerts that keep participants on track to meet retirement goals

  • Professionally managed investment model allocations

  • Access to both Traditional and Roth IRAs through one login

Download the IRA Info Sheet (pdf) to learn more about the specific features of the CoPilot IRA.


Not sure which retirement savings option is right for you?

It really comes down to your goals for starting a workplace savings plan. If you want to maximize your annual contributions and are looking for tax savings, a 401(k) plan can help you do that. If you simply want to offer your employees a vehicle to save for retirement with no cost or administration for you, an IRA may be a better fit.

Here are some side by side comparisons to help you:

 
 

CoPilot IRA

CoPilot 401(k)

Payroll Integration Capabilities1
Online Setup
Years of Retirement
Alerts to Participants
Managed Investment Portfolios
Investment Education
Payroll Deduction
Maximum Annual Deferrals2 $5,500 / $6,500 $18,500 / $24,500
Employer Match Options  
Tax Credit for Employer  
Year End Process  
Cost to Employer  
Cost to Participant
Inclusive of Financial Advisor3  
Satisfies State Mandates varies by state

1 - Fees may apply or vary based on payroll partner.

2 - 2018 calendar year limits.

3 - Financial Advisor fees would be in addition to the fees listed in pricing table.

 

Download the CoPilot 401(k) vs. CoPilot IRA (pdf) info sheet to learn more about these retirement plan options.


CoPilot IRA Pricing

 
CoPilot: Workplace Savings IRA
Employee Fees Recordkeeping Fee $3 per month
Custodial Fee* 0.07% per year
IRA Platform Fee* 0.20% per year for accounts under $20,000
0.15% per year for accounts between $20,000 and $40,000
0.10% per year for accounts over $40,000
Investment Fees 0.04% to 0.80% per year

*Custodial Fee and IRA Platform Fee is based on the fair market value of the IRA as of the last day of the billing period.

If the account invests in funds that pay sub transfer agency fees to PAi Trust (or any affiliate), any such fees received will be reimbursed to the account as soon as administratively possible following the receipt of such payment.

All fees will be charged as soon as practicable following the end of each calendar month.

Additional fees may apply for services required outside of the outlined base Employee IRA fees.

January 2018. Pricing subject to change.

 

401(k) plans offer flexible plan design that give you options for employer contributions and vesting schedules, but there is also some administrative and year-end work required.  With a CoPilot IRA you won’t have the administrative work because all contributions and setup happen at the employee level and through payroll integration.  A workplace IRA savings plan will most likely not fully fund a retirement, but it’s a great place to start!

Still want to learn more about IRAs?  Download the Retirement Plan Options (pdf) info sheet that compares a 401(k) to a SIMPLE IRA, SEP IRA, and workplace savings IRA.


If you think CoPilot IRA is the right option for you,
click below to begin setup.

 

 

  1. Company information, including FEIN # and banking information for payroll processing.

  2. Employees' names, birth dates, email addresses, and employment dates.

  3. That's it! We will notify your employees to begin their enrollment.

 
 

CoPilot IRA is a retirement service and is not an independent entity. Services for CoPilot IRA are provided by and through PAi Trust Company, Inc. PAi Trust Company does not provide any tax, legal or investment advice.

The Years of Retirement calculator is for illustrative purposes only. The estimates provided through this calculator are inherently uncertain and are not, in any way, a guarantee of future results.