uMonitor Benefits Plan Manager
April 19, 2007
Your customers have just completed their 2006 tax returns this week; however, as we all know it is never too early to start thinking about tax planning for 2007. The best thing to do first is to max out on IRA participation, and now there is also HSA to consider.
When IRA was first introduced in 1974, no one knew that they were going to be the fastest growing consumer accounts with billions of dollars in investments. Similarly, the HSA introduced in 2004 has been slow to start but there is every reason to believe that it could be an even larger vehicle for personal health and financial management in the coming years. The leading financial institutions who can see the potential have started to focus on HSA accounts.
To help our bank and credit union customers grow their IRA and HSA business, uMonitor has partnered with leading providers to help them manage this business. uMonitor also created uPlan®, which allows you to present an employer portal to your business customers so that they can better offer and manage benefits accounts for their employees, without waiting on costly upgrades or investing in a new platform.
uPlan® combines the advantages of uMonitor's uOpen® and uFund® account opening service for HSA and IRA account creation with uTransfer® to set up recurring investments. It also supports account transfers and rollovers from other institutions, along with offering the power of the employer portal to manage the service.
Contact your uMonitor account manager today @ www.umonitor.com or call 901-757-1212 to discuss how you can become the financial institution that is going to help employers and employees take advantage of growing HSAs.
