The Simple Way to Save for Retirement

Built and supported by PNI, PNI•HCM now has a complete IRA solution (Traditional IRA, SIMPLE IRA, or SEP IRA) that is meant to help employers who are facing state-mandated retirement requirements but choose to not work with the state.​

The SIMPLE PNI•IRA Plan: The Simple Way to Save for Retirement

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Set up in just 5-10 minutes.

A SIMPLE IRA plan that's easy to set up, low-cost, and offers tax benefits for employers and employees.

A SIMPLE IRA plan is a retirement plan for employers that want to help their workers save for retirement without taking on the hassle and expense of a more complex retirement plan.

Like a 401(k) plan, but simpler and less expensive to administer, the SIMPLE IRA plan is designed to meet the needs of employers with 100 or fewer employees.

The SIMPLE PNI•IRA plan is an exciting new retirement product offered by PNI•HCM. Built and supported by PNI, we now offer a complete IRA solution (Traditional IRA, SIMPLE IRA, or SEP IRA) that is meant to help employers who are facing state-mandated retirement requirements but choose to not work with the state.​

The IRA can be set up in 5-10 minutes, meets all the requirements for the state mandates, and allows each employee to have their own IRA, which stays with them if they separate employment.​

PNI•IRA's Integration with isolved HCM

With the 180 integration (one-way), managing plan deduction and contribution information is a breeze for both administrators and employees.
The integration seamlessly handles all of the data stored in isolved, resulting in a smooth and effortless experience. The data flows directly to the IRA account, enabling automated fund movement in employees' IRA accounts every pay period.

Why Choose The SIMPLE PNI•IRA Plan?​

Learn more about how SIMPLE IRA plans can help you and your employees save for retirement.

The Benefits of The SIMPLE PNI•IRA Plan

Automatically Integrated

Automatically Integrated One-Way (180) with isolved​

Online Employee Enrollment

Online Account Establishment & Management​

Dedicated Help Desk

Dedicated Employer Help Desk & Employee Hotline​

Low Cost Investments

Low Cost, Institutionally Priced Investments

Low Admin Fees

Low Administration Fees​

Access to Investment Solutions

Access to Digital Investment Advice Solutions​

Regulatory Comparison
to State-Mandated Auto-IRA​

Standard Features
Flexible Eligibility
Employee Contributions
Up to $6,500
Up to $15,500
Up to $22,500
After-Tax Contributions
Pre-Tax Contributions
Employer Contributions
Profit Sharing
Employee Matching
Employee Vesting
SECURE Tax Credits

Setting Up Our IRA Plan is Easy!

Step #1

Complete and sign the 2-page plan document.

Step #2

Notify employees about the plan and how to set up a SIMPLE IRA. ​

Step #3

Collect Salary Reduction Agreements from employees who want to participate.​

Step #4

Set payroll to withhold designated amounts from employees’ paychecks.​

Contact us today to learn more about The SIMPLE PNI•IRA plan.

A simple, low-cost retirement plan for employers with 100 or fewer employees.

Learn More About Our PNI•IRA Program

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Frequently Asked Questions

How do I open an account?

To open an account, click on the Get Started link and/or follow the instructions to enter the requested information.



  1. Enter identifying information;
  2. Enter beneficiary information (you will need Social Security numbers, addresses, and dates of birth for beneficiaries) or you can skip this section and enter it at another time;
  3. Identify where the money is coming from to fund the account;
  4. Customize your account security information.

You will then be prompted to log into your account and electronically sign account documents.

Once money arrives in your account, you will be sent an email prompting you to login and customize your investments.

What type of account should I open, a Traditional or Roth IRA?

The type of account you open depends on a number of factors.


If you are moving funds from an existing IRA to a PNI•IRA, you will want to select the same type of IRA. For example, if you are moving funds from a Traditional IRA, you should open a Traditional IRA, and a Roth IRA should go to a Roth IRA.

Suppose you are moving monies from a retirement plan like a 401(k) plan. In that case, if the entire balance was a result of your and/or your employer’s pre-tax contributions (your taxable wages are reduced and/or the employer made contributions for your benefit into the account, such as a matching contribution), you should open a Traditional IRA.


However, if your contributions were made after-tax (no reduction to your taxable income) in a Roth source, you will need to open a Roth IRA. Suppose the employer also made contributions to your account. In that case, you will need to open a separate Traditional IRA or work with your employer to convert those employer contributions to a Roth so that you can move all funds into one Roth account with us.


This is an important, complex question. You may want to contact your tax advisor for clarification. 

How will my money be invested?

When your money arrives, it’s invested in an age-based portfolio created for you by PNI•IRA for no additional fee, and you are prompted by email to login to your account and review your initial allocation.


If you want to make changes go to the Manage tab and select Change Investment Strategy to that allocation. You then have the option to choose between the following:


  • Ongoing Professional Advice: Receive customized advice on your portfolio by clicking on the Get Advice icon, which will direct you to the PNI•IRA advice. At the end of that process, you can either accept or reject the advice. If you accept the advice, your account will automatically be rebalanced to the new allocation.
  • Do-It-Yourself: Select your own allocation from the funds available in the PNI•IRA Program. You can change it as often as you like, at no additional charge, by clicking on the I will choose my own allocation.

We recommend that you log into your account periodically to look over your investment allocation, making sure you stay on track to meet your goals.


Note: There are no additional fees for changing your allocation or utilizing the online advice application.

How do I access my account?

You can access your account securely online 24 hours a day, 7 days a week, by logging in with the Username and Password you established when creating the account.

What if I forget my password?

All you need to do is go to the login screen and click on the forgot username/password link, and your username and a new password will be sent to your email address.

Can I add money to my IRA account?



To add to your account, simply log in, select the Manage tab, and then select Make a Contribution. From there, just follow the instructions. That contribution can be a transfer from another IRA, a rollover from a retirement account, or come directly from your own bank account.

Do I need to select a beneficiary?

It is best to select a beneficiary(ies) as soon as possible, knowing you can always make changes. By designating a beneficiary(ies), upon your death, your IRA will be immediately controlled by that beneficiary(ies).


If a beneficiary is not designated, is still alive, or if we cannot locate any of the named beneficiaries after a reasonable search, the account will be paid in the following order of priority

  • (i) surviving spouse;
  • (ii) children, including adopted children, in equal shares (and if a child is not living, that child’s share will be distributed to that child’s living descendants);
  • (iii) surviving parents, in equal shares; or
  • (iv) estate.

Note that the estate's beneficiary(ies), executrix, or executor will be required to provide a copy of a death certificate to start the process.

How can I withdraw funds from my account?

You always have full control of your account. However, if you choose to withdraw funds from your account or another qualified retirement account, you may be subject to taxation and potential penalties.


The easiest way to exercise any of your withdrawal options is to log into your account, go to Manage, and select Withdraw Funds. You then complete and eSign an online distribution request.


Note that upon completion of the process, funds may take up to 10 business days to arrive at your requested location.

Learn More About Our PNI•401k Plan