CoPilot Workplace Savings IRA
Offering a workplace retirement savings plan may help 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!
CoPilot IRA is more than just another IRA. It includes:
Easy online setup for employers and individuals
No employer cost, individual IRA account owners pay low monthly fees
Payroll integration capabilities
A team of experienced representatives to support individual IRA account owners
Alerts that keep individuals 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:
|Payroll Integration Capabilities1||•||•|
|Years of Retirement||•||•|
|Alerts to Participants/IRA Account Owners||•||•|
|Managed Investment Portfolios||•||•|
|Maximum Annual Deferrals2||$6,000 / $7,000||$19,000 / $25,000|
|Employer Match Options||•|
|Tax Credit for Employer||•|
|Year End Process||•|
|Cost to Employer||•|
|Cost to Participant/IRA Account Owner||•||•|
|Support for your Financial Advisor3||•|
|Satisfies State Mandates||varies by state||•|
1 - Fees may apply or vary based on payroll partner.
2 - 2019 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 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.