The Bancorp Bank's Safe Harbor IRA Program is an innovative alternative to the high administrative costs incurred by retirement plans on behalf of non-active plan participants.

Using advanced customized technology, this program enables plans to automatically and easily move both terminated or abandoned 401K accounts of former employees directly into The Bancorp Bank, and then to transfer those funds into FDIC-insured money market accounts offering competitive market rates.

The accounts are easily extracted from the plan while enabling former employees (non-active participants) to earn interest, enjoy FDIC protection, and protect their funds for retirement. And in terms of the sensitive framework of the fiduciary relationship itself, this is a safe selection for the plan fiduciary, able to meet any criteria for due diligence.

The process itself is streamlined because we work with the best "rollover" partners in the business. As leading experts themselves, they have in-depth knowledge of the regulatory climate, including any and all IRS mandates.
They are also committed to fully automated solutions, as we are, and provide equivalent levels of technological sophistication. It's a strong, proven partnership.