We’re glad to help you preserve your retirement savings account!
Your former employer is using the BPAS AutoRollovers service to establish an Individual Retirement Account (IRA) on your behalf. The Department of Labor Regulations allow Retirement Plan Sponsors (employers) to rollover accounts for certain plan participants with whom they have not been able to effectively correspond.
We hope that you will allow us to continue help you prepare for your eventual retirement from the workforce. Continue scrolling down to learn about the benefits of your new IRA.
Click the Validate Online button to claim your account.
If you wish to complete this process on paper, download the form, here. You must include a legible copy of a government-issued photo identification (driver’s license, passport, etc.).
Benefits of keeping your IRASelect account include
|Comfortable web experience, and account statements||By choosing IRASelect, you will be able to access your account online with our easy-to-use participant portal. Customers rolling over balances from retirement plans on the BPAS Platform may even use their existing user id and password.|
|Participant Service Center support||The BPAS Participant Service Representatives are available to assist you with your account. Call center hours are 8:00 a.m. – 8:00 p.m. ET. Representatives are trained to help make the rollover process as simple as possible, call today.|
|Tax Benefits||By rolling your account into an IRASelect account, you will be able to continue to take advantage of the tax-deferred growth of your account. If you are under the age of 59-1/2, you will also avoid the 10% IRA Penalty for the early withdrawal of your retirement account.|
|Withdrawal Options||You may elect to withdraw any portion of your account at any time. In addition, we make it easy for you to set up regularly recurring installment payments.|
|No Hidden Fees||Unlike the often advertised free or, no-cost IRAs that seem to feel the need to hide the fact that they do indeed make money from your account, we are clear that we are in business to make a profit. We choose to do so by helping our customers provide for a financially secure future. Our fees are always fully-disclosed and reasonable. While they may seem high when compared to those “no-fee” options, we are confident that if you truly understand the underlying costs, you will find our fee structure to be most fair.|