IRA Plan Establishment

Compliance Frontline & New Accounts IRA & HSA Managers & Supervisors

On-Demand Webinar

StreamedMay 5, 2026Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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How your institution opens IRAs matters: start plans right and avoid compliance pitfalls from day one.

This session will examine the required documents for properly establishing an IRA and outline how trustees and custodians can remain compliant when IRS-issued plan language is delayed. Participants will review key document retention requirements, learn how to keep IRA owners updated with the most current information, and identify additional data elements that strengthen compliance and operational effectiveness.

KEY WEBINAR TAKEAWAYS

Three documents required to properly establish an IRA
Retention requirements for IRA plan establishment documents
The IRA revocation period
Capturing complete IRA beneficiary information
Default beneficiary provisions established by your financial organization’s IRA opening documents

This webinar is part of the 2026 IRA Series

BONUS MATERIALS

Establishing an IRA job aid
Links to IRS Model Forms
- 5305-A, Traditional Individual Retirement Custodial Account
- 5305-RA, Roth Individual Retirement Custodial Account
- 5305, Traditional Individual Retirement Trust Account
- 5305-R, Roth Individual Retirement Trust Account

WEBINAR DETAILS

How you open IRAs is important. Improper plan establishment can leave you vulnerable to penalties for noncompliance, as well as owner dissatisfaction. The problem is, the IRS must provide critical language for IRA plan establishment, and they don't always do so on our timelines. So how do you, as trustees or custodians, fulfill your obligation to remain in compliance and provide vital information to IRA owners? This session will explore the documents required to properly establish an IRA and how to keep your IRA owners up to date with current information. It will review the document retention requirements to follow to remain in compliance, as well as identify additional information that is helpful to capture and maintain.

WHO SHOULD ATTEND?

Frontline staff who interface with individuals seeking to establish IRAs
Compliance staff spot-checking new IRA plans to ensure compliance with the plan establishment requirements
Management staff making document update determinations
Internal auditors charged with examining IRA files to determine document retention compliance

TAKE-AWAY TOOLKIT

Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.