Individual Development Accounts Publications
Online IDA: How it Works
Online IDA combines complex IDA management information requirements with critical financial transaction needs. The system is a shared, web-based utility designed to support the needs of several user classes. At its core, Online IDA is a modified and adapted version of SunGard's state-of-the-art online 401(k) processing system which serves millions of employees across the U.S. The system consists of a:
Online IDA: Features and Benefits
Online IDA was created as a web-based, integrated financial transaction and record keeping system built in partnership with SunGard Data Systems. Online IDA was designed to replace traditional IDA delivery model built on parallel systems – one for financial institutions and another for IDA program sponsors – in order to eliminate time consuming monthly data transfers between systems.