Goal-Based Enrollment   //   Advisor Managed Accounts   //   Retirement Income   //   IRA Rollovers   //   Participant Engagement  //  Plan Success Reporting   //   Education and Wellness

Goal-Based Enrollment   //   Advisor Managed Accounts   //   Retirement Income   //   IRA Rollovers   //   Participant Engagement  //  Plan Success Reporting   //   Education and Wellness

Goal-Based Enrollment   //   Advisor Managed Accounts   //   Retirement Income   //   IRA Rollovers   //   Participant Engagement  //  Plan Success Reporting   //   Education and Wellness






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Broadridge Integration with iJoin and IPX Enables Allianz In-Plan Income Solution

May 04, 2023

The development allows for protected income products in retirement plans custodied by Matrix.

Leaders in retirement plan technology innovation iJoin and IPX Retirement announced today with Broadridge a platform integration that makes retirement income products available to 401(k) plan advisors and their clients who custody through Matrix. The Allianz Lifetime Income+ Fixed Index Annuity is the first in-plan solution available via this integration.

Allianz Lifetime Income+® Annuity with the Lifetime Income Benefit has been available on iJoin since late 2022. The in-plan income solution is a fixed index annuity with innovative design features including growth potential, protection from market loss, and guaranteed lifetime income through the Lifetime Income Benefit. This benefit has the potential to increase annually for life to help mitigate the effects of inflation. Guarantees are backed by the issuing company.

“As a leader in the retirement income space and provider of next-gen technologies that help advisors scale their business, this is a natural fit for us,” said Cindy Dash, General Manager and Senior Vice President of Broadridge and SVP/General Manager, Matrix Financial Solutions. “We expect that this will be the first of many opportunities available to showcase our solution offering in support of helping America save for retirement.”

By adding Allianz Lifetime Income+® as an in-plan income option in iJoin managed accounts, employers and their advisors can help employees nearing retirement age programmatically reduce the risk of retirement income shortfalls. iJoin calculates a highly personalized retirement income need projection for each user based on recordkeeper and other demographic data.

“Broadridge, iJoin and IPX have all been at the forefront of the industry’s efforts to address the growing retirement income gap crisis. With this step, plan sponsors, advisors and administrators can help even more Americans prepare for a secure retirement.”

— Matt Gray, head of employer markets, Allianz Life


“The SECURE Act allows more people to create successful paths to retirement income. Our collaboration with IPX and Broadridge to enable an all-digital in-plan process to access protected income products is an essential step towards this success.”

— Steve McCoy, CEO of iJoin

Through managed account programs in iJoin, a percentage of an investor’s balance can be periodically allocated to purchase protected income streams. Advisors help define the age threshold for investors to start this process of reducing equity exposure while increasing protected retirement income.

“We’re excited to deploy our technology to empower a growing marketplace of annuity carriers and managed account providers within iJoin’s personalized participant experience. This integration to Broadridge trust and custody services opens the door for their recordkeeper clients to bring lifetime income to market.”

— James Olson, Managing Director IPX Retirement

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information about us and what we can do for you, please visit www.broadridge.com.

About IPX Retirement

IPX Retirement is a leading provider of trust, custody, IRA, and recordkeeping services to the retirement plan industry. Our innovative multi-vendor, multi-provider approach delivers superior value for financial advisors, plan sponsors, investment providers, TPAs, and the investors they serve. Learn more at ipxretirement.com.

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America (Allianz Life), one of the Ethisphere World’s Most Ethical Companies®, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2022, Allianz Life provided additional value to its policyholders via distributions of more than $7.7 billion. As a leading provider of fixed index annuities, registered index-linked annuities and fixed index universal life insurance, Allianz Life is part of Allianz SE, a global leader in the financial services industry with approximately 150,000 employees in more than 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.

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