PAYROLL-DEDUCTED RETIREMENT ACCOUNTS

A Simpler Path To State
Auto-IRA Programs

A fully administered payroll-deduction retirement solution connecting employers, recordkeepers, and investment managers through one centralized state program platform.

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Who makes up an Auto-IRA?

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EMPLOYER
  • Completes web-based questionnaire on state's customized site
  • Connects employees to the state's auto-IRA exchange
  • Facilitates payroll-deduction contributions on behalf of employees
  • Automatically enrolled in the program through their employer's payroll system
  • Retains the right to opt out or adjust their contribution rate at any time
  • Owns their IRA account directly — contributions are portable and not tied to their employer
  • Maintains all participant IRA account records and processes contribution transactions
  • Manages enrollment, contribution processing, and account access for participants
  • Provides participant-facing support and account management tools
  • Selects, monitors, and maintains plan investment options
  • Provides periodic analysis and investment reviews
  • Assumes fiduciary liability for investment decisions

BEHIND THE PLATFORM

Powered by Direct 401K

Direct 401K sits at the center of every Auto-IRA exchange — actively administering, connecting, and reporting across the entire program with complete visibility and accountability from end to end.

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Plan Exchange

A centralized marketplace to compare, evaluate, and seamlessly transition retirement plans with confidence.

Due Diligence

Built-in tools and guided workflows ensure every decision is documented and aligned with fiduciary best practices.

Data Collection

Automated and streamlined data collection simplifies onboarding and reduces manual effort and errors.

GET STARTED

Take the next steps towards a streamlined Auto-IRA program.

Connect with our team to walk through the platform and see how Direct 401K can help your state build a better Auto-IRA program.

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