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IRA Administration (IRAAD™)

The "Complete" In-House IRA Administration System ...

If you want to maintain direct, in-house control over your IRA account administration, then you are an excellent candidate for IRAAD™.

Now also supports Roth, Coverdell Education Savings Accounts (CESA), Medical Savings Accounts(MSA), Health Savings Accounts (HSA).



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IRAAD™ offers:

  • Supports traditional IRAs, Roth IRAs, Coverdell ESAs, SIMPLE-IRAs, and Self-Directed IRAs
  • Also supports Health Savings Accounts (HSAs)
  • Complete stand-alone design
  • Modular for easy updating
  • Generates complete managerial reports, with four level security, plus complete documentation and support
  • Performs interest accrual functions for fixed and variable savings and time deposit accounts. Supports first and last day accrual. Contains a generous set of supporting accrual and accounting reports.
  • Generates various customer notices : Interest Earned, Renewal, Maturity, etc.
  • Creates customer mail-merged correspondence. These letters/mailing labels can be produced for those turning age 70½, those age 70½ and older, and those who have an outstanding RMD amount. The correspondence can be modified with the included word processor
  • Optional Host to IRAAD™ interface - call for quotation
  • Calculates minimum distributions
  • Processes government reports to the IRS (5498 and 1099-R)
  • Generates the CESA Forms 5498-ESA and 1099-Q
  • Generates the IRS Forms 5498-SA, 1099-SA and 8851 for SA Accountholders
  • Generates the IRS Forms 5498-SA and 1099-SA information and transmittal for submittal to the IRS via magnetic media
  • Contains a complete Electronic IRA Forms Platform System
  • Prepares IRA Disclosure Projections
  • Prepares TISA Account Disclosures
  • Can calculate and project RMD amounts
  • Prepares numerous RMD reports
  • Can calculate Pre-59½ Substantially Equal Periodic Payments
  • Contains in excess of 200 IRA, SEP, SIMPLE, Roth, CESA and Self-Directed forms that can produced on your printer
  • Operates with industry-standard hardware and software
  • Can interface to your Host System (optional)
  • Is a proven cost-effective system offering easy set-up and maintenance


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