New, modern SaaS platform tackles most complex IRA processing first, with a full suite of IRA and retirement capabilities to follow, challenging legacy providers with superior technology and efficiency.
BURLINGTON, MA, & CHENNAI, India – September 23, 2025 – Congruent Solutions, a leading technology provider of comprehensive retirement solutions, today announced its strategic entry into the IRA market with the launch of CORE IRA, a modern, API-first recordkeeping platform. The first release of CORE IRA is purpose-built to handle the complex processing of Force-Out IRAs, establishing a robust foundation for the rapid rollout of a full IRA suite, including Voluntary, Rollover, SIMPLE, and SEP IRAs.
This launch signals Congruent’s commitment to disrupting a market long-served by legacy systems from incumbents. CORE IRA is engineered from the ground up to reduce costs for providers and improve outcomes for participants through automation, seamless compliance, and a superior digital experience.
“Legacy platforms have held the IRA market back with high costs, operational inefficiency, and slow adaptation to change,” said Balaraman Jayaraman, Co-Founder & CEO of Congruent Solutions. “We are launching not just a product, but a new path forward. By starting with the most administratively challenging IRA segment, we are proving the power and flexibility of our modern architecture. CORE IRA is the first step in delivering a complete, disruptive ecosystem that will empower every IRA provider and participant.”
A Foundation for the Future of IRAs
CORE IRA addresses critical pain points by automating up to 90% of manual tasks and embedding compliance into its core. The platform provides:
- Unmatched Operational Efficiency: Automated, straight-through processing for distributions, ACH, Roth conversions, and death distributions, drastically reducing manual work and errors.
- Compliance Built-In, Not Bolted-On: Proactive safeguards for RMDs, SECURE Act 2.0 requirements, and LexisNexis-powered address verification eliminate penalties and audit risks.
- Scalability for Growth: A cloud-native, SOC 2-compliant architecture ensures security and allows providers to scale without massive overhead. Pre-built integrations with systems like DocuSign, Matrix, and payment gateways future-proof operations.
- A Strategic Advantage for IBDs: Independently empowers Broker-Dealers to manage IRA accounts and streamline payroll deduction processing efficiently.
More Than IRAs: A Holistic Retirement Vision
The launch of CORE IRA reinforces Congruent’s unique position as a single-source provider for the retirement industry. While disrupting the IRA space, Congruent continues to offer its proven suite of solutions for DC recordkeeping, plan administration, and Income Solutions, providing an integrated approach to the entire retirement lifecycle.
“True innovation isn’t just about building a better widget; it’s about solving bigger problems,” said Mahesh Natarajan, CRO of Congruent. “Our vision is to connect the entire retirement journey—from workplace plans to IRA rollovers and into decumulation. CORE IRA is a pivotal piece of that puzzle, and we are excited to lead the charge into a more efficient, transparent, and participant-centric future.”
About Congruent Solutions
Congruent Solutions has been a trusted specialist in product- and technology-driven services for the retirement industry since 2004. Today, CORE SaaS, Retirement Edge— a technology solution that enables guaranteed income solutions within Defined Contribution Plans —and outsourced plan administration services empower leading Fortune 500 plan providers, carriers, and third-party administrators to solve business challenges and prepare for the future.
