May 5, 2026
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.
May 5, 2026
11:00 am - 12:30 pm EST
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.
KEY WEBINAR TAKEAWAYS:
Loni Porta
Loni Porta is the director of education at Convergent Retirement Plan Solutions and has been with the company since 2004. An industry leader in IRA, HSA, and retirement plan education, Loni plans, budgets for, and builds training and education products and solutions for financial organizations nationwide. An avid student of learning styles and adult learning principles, Loni incorporates her skills into Convergent’s training and education products and services.
She attended North Dakota State University in Fargo, ND, and came to Convergent after her tenure at Universal Pensions, Inc. (UPI), a nationally recognized retirement consulting and training firm in Minnesota. While at UPI, Loni helped design the industry’s first IRA-specific designation program (the American Bankers Association's Certified IRA Services Professional (CISP) program) and NAFCU’s Certified IRA Professional program.
WHO SHOULD ATTEND?
Live Webinar - $279
On-Demand Webinar - $279
Live + On-Demand - $379
Get the best of both and save when you Bundle the Live & On-Demand Webinar registration! This option includes all the items listed above.
**100% surcharge applied to non-members.
| Susan Clark | Silvia Regalado | |
| Professional Development Coordinator | Professional Development Coordinator | |
| o: 317-387-9380 | o: 317-387-9380 | |
| d: 317-333-7169 | d: 317-333-7170 | |
| sclark@indiana.bank | sregalado@indiana.bank |