Press Release

PensionBee & SS&C Partner to Offer New Safe Harbor IRA for Employers

Issued by PensionBee

Feb. 6, 2025

NEW YORK -- PensionBee, a leading online retirement provider, has partnered with SS&C Technologies to introduce a new Safe Harbor IRA for employers and former employees. This collaboration leverages SS&C’s Automated Rollover Program (ARP) to streamline the rollover process.

PensionBee’s Entry into the U.S. Market

Founded in 2014, PensionBee has grown to manage over $7 billion in assets for more than 265,000 customers worldwide. The company launched in the U.S. in 2024, bringing its award-winning technology and customer-first approach to American savers. Unlike traditional providers, PensionBee specializes in serving mass-market consumers (those with less than $100,000 in retirement savings)—a group often ignored by the industry.

PensionBee differentiates itself in the Safe Harbor IRA market through its:

• Intuitive product offering, with a digital platform across the web and a mobile app
• Best-in-Class investment proposition, utilizing State Street’s SPDR T-Bill ETF (BIL), one of the world’s most established and liquid Treasury instruments
• Competitive fee structure, designed to grow savings
• Personalized customer service, with a dedicated “BeeKeeper” for each customer
• Educational resources, to help consumers make informed financial decisions

PensionBee’s Safe Harbor IRA is designed to offer former employees a good home for their retirement savings. PensionBee and State Street also offer a curated range of Model Portfolios, including a market-leading Target Date Portfolio to help consumers seamlessly transition back into long-term retirement investments.

SS&C Partnership: Automating and Simplifying Rollovers

Through its Automated Rollover Program (ARP), SS&C streamlines the process of mandatory rollovers for plan sponsors, automating the exchange of participant data between recordkeepers and Safe Harbor IRA providers like PensionBee. This partnership ensures that former employees are quickly and efficiently reconnected with their retirement savings, while reducing administrative burdens for employers. SS&C’s Automatic Rollover Program is used by over 120,000 plans from more than 20 recordkeepers, third-party administrators and advisor partners.

About PensionBee

PensionBee is a leading online retirement provider, helping people easily consolidate, manage, and grow their retirement savings. The company manages over $7 billion in assets and serves over 265,000 customers globally, with a focus on simplicity, transparency, and accessibility.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

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