Ascensus announced the launch of an enhanced full-service SEP and SIMPLE IRA program combining flexible fund selection, online processing capabilities and common remitter services coupled with technical compliance support.

The program, according to the firm, offers both commission-based level-compensation and fee-based products that result in minimal administrative burden for the employer.

Plan setup and enrollment occurs online via Ascensus’ Small Business IRA Retirement Plan onboarding site. Financial professionals use their existing Ascensus website credentials to access the plan setup site and create signature-ready plan documents for their clients and their clients’ employees.

Because plan establishment occurs on the Web, employers and employees pay no set-up fees. Employers are also exempt from ongoing administrative fees for the plan.

“All program clients have a dedicated IRA service team that works directly with the employer, employees, and the plan’s financial professional to support all document, payroll, custodial, payment, and tax reporting needs,” the firm adds. “SEP and SIMPLE IRA plans are included in the book of business view directly on Ascensus’ financial professional website, allowing a financial professional to easily manage these IRA plans along with their other Ascensus qualified plan business.”

The SEP and SIMPLE IRA product “leverages the efficiency of a paperless plan setup process and offers the value our clients deserve.”

Additional information is available here.