IRA Plan Administration Powered by CORE
IRA plan administration requires precision, compliance, and scale — all while delivering a seamless experience for participants. Whether you manage Traditional IRAs, Roth IRAs, or SEP/SIMPLE IRAs, the complexities of custodial reporting, contribution tracking, and withdrawal rules can quickly overwhelm internal teams and outdated systems.
Congruent’s CORE platform provides a modern, automated solution for end-to-end IRA administration — helping custodians, recordkeepers, and retirement providers manage operations efficiently, reduce risk, and scale with ease.
The Challenge: Fragmented Operations, Rising Expectations
– Regulatory Complexity: Managing contribution limits, RMDs, rollover tracking, and tax reporting requires deep rule-based automation.
– Manual Workflows: Outdated tools and disconnected processes lead to errors, delays, and costly rework.
– Participant Demands: IRA holders expect fast, transparent service and easy access to account activity.
– Cost Pressures: Fee compression makes it critical to streamline operations without compromising compliance.
The Solution: Congruent’s CORE for IRA Administration
CORE is a cloud-native, API-first platform that brings structure, automation, and intelligence to IRA servicing.
How CORE Helps:
– Full IRA Lifecycle Support: From account setup, contributions, and rollovers to distributions, RMDs, and account closures.
– Rule-Based Processing: Automatically enforces IRS rules for contribution eligibility, excess contributions, early withdrawal penalties, and more.
– Integrated Tax Reporting: Seamless generation of 1099-Rs, 5498s, and other IRS-required forms.
– Participant & Sponsor Portals: Enable self-service access to balances, statements, and transaction requests.
– Multi-IRA Type Support: Traditional, Roth, SEP, and SIMPLE IRAs — all managed within a unified system.
– Custodian Integration: Works seamlessly with custodians for transaction fulfillment and reporting.
Why CORE for IRA Administration
With over 20 years of domain expertise, Congruent has designed CORE to meet the specific operational and regulatory needs of IRA programs – from high-volume custodians to digital IRA providers.
Outcome: Confidence and Control in IRA Operations
– Faster servicing, fewer errors
– Lower administrative burden and cost
– Improved participant experience
– Built-in compliance and audit trails
