Press Release

iJoin's 'IRA Clarity™' Automates Rollover Suitability and Continuity of Advice

Issued by iJoin

Feb. 4, 2025

An all-new process supported by Broadridge and NextLevel IRA™ helps plan advisors retain assets

SCOTTSDALE, AZ – iJoin, a leading retirement plan technology innovator, has announced the availability of “IRA Clarity™,” an all-new Voluntary/Advisor Directed IRA rollover process for 401(k) plan advisors. The automated workflow identifies and engages eligible participants, and seamlessly integrates Broadridge’s Decision Optimizer to determine suitability, when required, and PenCheck’s NextLevel IRA™ account opening technology and IRA platform. The result is an unparalleled end-to-end solution that helps advisors retain assets while providing continuity of advice.

IRA Clarity is a comprehensive process addressing voluntary IRAs that includes:

• Identifying rollover candidates based on advisor-defined criteria
• Sending email invitations to candidate participants
• Conducting identity verification (KYC) via PenChecks
• Performing suitability analysis via Broadridge’s Decision Optimizer, when advisor directed
• Sending advisor-approved welcome emails
• Inviting participants to complete a goals-based account opening process
• Funding new accounts and assigning the advisor’s selected managed advice solution
• Access to ongoing monitoring and engagement tools via iJoin’s ACT portal

“One of our core goals is to help millions of retiring workers continue to have the opportunity to benefit from goals-based investing strategies with cost-effective managed advice solutions,” said iJoin CEO, Steve McCoy. “Our new Voluntary/Advisor Directed IRA automation technology realizes that ambition in partnership with some of our industry’s most forward-acting partners.”

“We empower advisors and recordkeepers with a seamless IRA solution that helps investors retain assets when changing jobs or retiring, rather than cashing out. By integrating with iJoin’s IRA Clarity, we’re streamlining the rollover process, ensuring advisors can easily guide participants through a simplified, goals-based experience,” said Scott Okrasinski, Chief Revenue Officer for PenChecks.

”We’re thrilled that iJoin has selected our advisor-facing IRA rollover evaluation tool, Decision Optimizer, to integrate into IRA Clarity.” said John Faustino, Head of Fi360 at Broadridge. ”There’s great potential for IRA Clarity to drive better investor outcomes by enabling ’self-serve’ participant engagement and scaling advisor activities associated with IRA rollovers.”

Retirement plan advisors can take advantage of IRA Clarity through a recordkeeper in the iJoin Provider Network or via the PenChecks NextLevel IRA platform. Either pathway provides access to ACT, iJoin’s advisor portal for ongoing analytics, engagement, and reporting. By leveraging partnerships with Broadridge and PenChecks, iJoin ensures a streamlined and compliant experience for both advisors and participants. Advisors can now focus on delivering tailored solutions while participants gain access to simplified, goals-based retirement planning.

About LDI-MAP, LLC (dba iJoin)

iJoin is a leading retirement plan infrastructure technology partner supporting cost-efficient personalized managed advice programs, built-in plan health analytics and reporting tools, financial education and wellness, access to guaranteed income products, and IRA rollovers. We're built to help financial advisors differentiate and win. LDI-MAP (d.b.a. iJoin) is a registered investment advisor with the State of Arizona – 16430 N. Scottsdale Road Suite 200, Scottsdale, AZ 85254. Learn more at ijoinsuccess.com.

About PenChecks

PenChecks Trust® is a state-chartered, non-depository trust company and one of the largest independent providers of outsourced benefit distribution services and Automatic Rollover IRAs and Missing Participant IRAs in the U.S. With 30 years in business, PenChecks Trust is an expert and industry-leading provider of unique and comprehensive solutions for a myriad of plan and distribution issues. Services include automated and branded solutions for benefit payments, benefit election processing, missing participant searches, Automatic Rollover and Missing Participant IRAs, Advisor Managed IRA Accounts, uncashed / stale-dated check resolution and Abandoned Plan / QTA Services. Customers include financial institutions, recordkeepers, third-party administrators, plan sponsors, advisors, and individual investors.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.