The company or financial institution responsible for the day-to-day paperwork, recordkeeping, and administrative functions of an IRA account. The administrator handles tasks like processing contributions, distributions, and required reporting. This role is sometimes combined with the custodian role.
Back to Glossary
IRA Administrator
Financial ProfessionalsThis site may contain affiliate links. We may earn a commission if you sign up through our links, at no extra cost to you. Content is for educational purposes only and is not financial, investment, tax, or legal advice. Consult a qualified professional before making financial decisions.