Ingham Retirement Group

What Ingham Retirement Group does

Ingham Retirement Group, established in 1972 and headquartered in Miami, is a national independent retirement plan consulting, investment advisory, recordkeeping, and actuarial firm. It operates as a subsidiary of U.S. Retirement & Benefits Partners and is in the process of rebranding to Daybright Financial; legal name Daybright Advisory Services, Inc. took effect July 1, 2025, consolidating prior affiliates TRPC Advisory Services, Ingham Russell Investment Advisors, Inc., and PASI Investments, LLC. The firm serves four primary constituencies: plan sponsors (employers needing plan design, administration, and fiduciary support), financial advisors (DC and DB practices needing back-office and compliance infrastructure), plan participants (employees needing enrollment, education, and retirement readiness guidance), and individual investors (wealth management, estate planning, and rollover IRA services). Reported scale includes over $2.0 billion under administration, 1,000+ plan relationships, and 50+ credentialed professionals including ERISA attorneys, CPAs, actuaries, investment advisors, fiduciary analysts, and compliance administrators.

The firm's core product is Retirement Plan Consulting Services covering plan design, in-house recordkeeping, ERISA 3(21) and 3(38) investment fiduciary services, and actuarial support across 401(k), 403(b), cash balance, pension, and non-qualified deferred compensation plans. Supporting modules include the "Is Your Plan Working" gap-analysis reporting program, the "Hire to Retire Experience" service approach, the iJoin participant enrollment platform (English/Spanish), the raweb.ingham.com participant portal, and an IRA rollover offering. The technical architecture is an open-architecture platform integrated with multiple tier-one custodians and trustees (Schwab, Matrix, Fidelity), plus research and brokerage integrations with Morningstar ClearFuture and TD Ameritrade.

The business model is fee-based, with quote-based pricing for employer plan sponsors (subscription/managed services for consulting, recordkeeping, and advisory), subscription monthly fees for individual wealth management, and professional services billing for one-time engagements (legal documents, compliance testing, plan implementation). Revenue streams are diversified across plan sponsor fees, advisor channel volumes, and individual investor AUM-linked fees, with assets held on third-party custodian rails rather than balance sheet. Go-to-market combines direct enterprise sales to plan sponsors, a financial advisor partner channel that enrolls client plans, and direct-to-consumer engagement for individual investors and plan participants via enrollment kits, online access, quarterly statements, and dedicated service centers. The firm has been the first U.S. recordkeeper to earn CEFEX/ASPPA Recordkeeper Certification and the first Investment Advisor to earn CEFEX Certification, and also holds AICPA SOC 1 Type 2 and ASPPA Service Provider Excellence designations.

Name

Ingham Retirement Group

Legal name

Ingham Russell Investment Advisors, Inc.

Website

https://ingham.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Ingham Retirement Group is a Miami-based independent retirement plan consulting, investment advisory, recordkeeping, and actuarial firm serving employers, financial advisors, plan participants, and individual investors through 1,000+ plan relationships and over $2 billion under administration, currently rebranding to Daybright Financial.

Ownership category

akta.pro rank

Product category

Retirement Plan Consulting & Administration

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

akta.pro secondary industries

Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)) (FSAAACAF), Retirement & Pension Planning (401(k)/IRA) (FSAEAAAD), Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)

Keywords

• Retirement plan consulting
• Investment advisory services
• Plan administration
• Actuarial services
• Fiduciary services

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Retirement Plan Consulting and Advisory Services: Fees charged to employer plan sponsors for retirement plan consulting, investment advisory, record keeping, and actuarial services. Compensation remains the same regardless of investment selections chosen by clients.
2. Plan Administration Fees: Fees for in-house recordkeeping, administration support, and ongoing consultation for retirement plans. Offset by revenue received from outside sources.
3. Individual Investor Services: Customized wealth management, estate planning, and investment guidance services for individual investors including relationship with outside money managers and tax-free municipal bond portfolios.
4. Professional Services: Legal documents, administration, compliance testing, investment review, and implementation support services for plan sponsors.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Ingham Retirement Group (rebranding to Daybright Financial) is a national, independent, full-service retirement plan consulting, investment advisory, record keeping, and actuarial firm with over $2.0 billion under administration. It provides plan design, administration, recordkeeping, fiduciary (ERISA 3(21)/3(38)) services, and participant engagement for employer plan sponsors and financial advisors, plus customized wealth management, estate planning, and rollover IRA services for individual investors.

Product overview

Ingham Retirement Group (rebranding to Daybright Financial) operates as a national independent full-service retirement plan consulting, investment advisory, record keeping, and actuarial firm with over $2.0 billion under administration. The core product is Retirement Plan Consulting Services, which encompasses plan design, administration, investment fiduciary services (ERISA 3(21)/3(38)), and recordkeeping for employers. Supporting this are Portfolio Management and Research & Reporting modules providing strategic asset allocation, investment manager due diligence, and fee benchmarking. The 'Is Your Plan Working' reporting program delivers gap analysis and fiduciary compliance reports. For individual investors, Daybright Advisory Services (effective July 1, 2025) provides customized model portfolios, Investment Policy Statements, retirement-income evaluations, and continuous monitoring. The Hire to Retire Experience is the service approach spanning enrollment through retirement. Plan types supported include 401(k), 403(b), pension, cash balance, and non-qualified deferred compensation plans. The participant portal (raweb.ingham.com) enables account access, transactions, and planning tools. Rollover IRA services allow consolidation of external retirement assets. As of July 2025, three affiliated companies (TRPC Advisory Services, Ingham Russell Investment Advisors, and PASI Investments) are consolidating under the Daybright Advisory Services Inc. brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Plan Consulting Services Full-service retirement plan consulting including plan design, investment advisory, record keeping, and actuarial services for corporate, government, and individual clients.
• Portfolio Management Strategic asset allocation with cyclical views, ERISA 3(21) and 3(38) investment fiduciary services, investment-manager search and selection, retirement-income planning, and liability-driven pension investment strategies.
• Research & Reporting Investment Policy Statement (IPS) generation and review, ongoing investment-manager due diligence, investment and economic research, quarterly economic newsletter, fee analysis and benchmarking, and monthly consolidated portfolio reports.
• Employer Retirement Plan Administration Tailored plan design and administration, in-house recordkeeping, implementation roadmap, customized communications, fiduciary reporting, benchmarking, and dedicated support team for plan sponsors.
• iJoin Participant Engagement Platform Online account access in English and Spanish, iJoin enrollment tool showing personalized retirement savings goals and steps to reach them, quarterly statements, gap analysis reports, retirement readiness tracking, and dedicated Participant Service Center.
• Is Your Plan Working Reporting Gap analysis reports for employees showing projected retirement status, plan-level participation analysis, annual fee disclosure, revenue reconciliation, and benchmarking of plan expenses.
• Rollover IRA IRA rollover service allowing consolidation of retirement savings from previous employer plans into a unified account with traditional and Roth options; no distribution fee for Ingham Rollover IRA.
• ERISA 3(21) and 3(38) Fiduciary Services Investment fiduciary services under ERISA guidelines, including investment selection, monitoring, and discretionary management of plan assets.
• Daybright Advisory Services (Individual Investor Wealth Management) Registered Investment Adviser brand (effective July 1, 2025) offering individual investor services including customized model portfolios, investment policy statements, retirement-income evaluations, continuous portfolio monitoring, and outside money manager relationships. Previously operating as Ingham Russell Investment Advisors Inc.
• 401(k) and 403(b) Plans Defined contribution employer-sponsored retirement plans with pre-tax and Roth contribution options, including safe harbor plan variants.
• Cash Balance Plans Defined benefit pension plan with cash balance feature providing guaranteed returns on account balances.
• Pension Plans Traditional defined benefit pension plans with annuity purchase options through Income Solutions.
• Non-Qualified Deferred Compensation Executive compensation arrangement allowing tax-deferred salary and bonus deferrals outside qualified plan limits.
• Retirement Income Planning Personalized retirement income planning including income goals assessment, savings projections, and likelihood analysis for meeting retirement objectives.
• raweb.ingham.com Participant Portal Online account access portal for plan participants to view balances, manage investments, process loans and withdrawals, and access retirement calculators.

Quantifiable outcome

• Gap analysis reports help employees see projected retirement status including Social Security projections
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• The Retirement Plan Company (TRPC)coreStrategic or Co-development PartnerAffiliated company working together with Ingham Retirement Group to help people achieve financially secure retirements. Both companies are uniquely qualified to help plan sponsors across the country design meaningful benefits for employees and administer those benefits using competitive technology, service, and account management.
• SchwabcoreTechnology or IntegrationCustodian and trustee partner in open-architecture platform providing retirement plan custody services.
• MatrixcoreTechnology or IntegrationCustodian and trustee partner in open-architecture platform providing retirement plan custody services.
• FidelitycoreTechnology or IntegrationCustodian and trustee partner in open-architecture platform providing retirement plan custody services.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Principal Financial Group: Principal is a major provider of retirement plan recordkeeping, administration, and investment products (including group annuities) targeting small-to-large employers. It overlaps with Ingham across defined contribution, defined benefit, and pension products at a much broader scale.
• Empower Retirement: Empower is the second-largest U.S. retirement plan recordkeeper (~$1.7T AUA), serving corporate, government, and individual plans with full-service recordkeeping, administration, and investment options. It is the dominant scaled competitor in the same employer-plan space Ingham competes in.
• Schwab Retirement Plan Services: Schwab provides recordkeeping and administration for employer-sponsored retirement plans through its open-architecture platform, and is also a custody partner to Ingham. It represents the broad-incumbent scale player in the same distribution channel Ingham operates in.
• Fidelity Workplace Investing: Fidelity is the largest U.S. workplace retirement recordkeeper, providing recordkeeping, administration, and proprietary investment options for corporate plans. It is both a custodian partner of Ingham (custodial alliance) and the dominant scaled competitor in the employer plan market.

Emerging players

• Guideline: Guideline is a tech-enabled 401(k) provider targeting small and mid-sized businesses with a fully digital, low-fee recordkeeping platform. It represents an emerging product/technology approach that competes for the same small-plan sponsor segment Ingham serves with its consulting-led model.

Direct peers

• CAPTRUST: CAPTRUST is one of the largest independent retirement plan advisory firms in the U.S., serving corporate, government, and Taft-Hartley plans with investment advisory, plan design, and participant services — directly comparable to Ingham's core retirement plan consulting model with similar advisor-channel go-to-market.
• SageView Advisory Group: SageView is a national retirement plan advisory firm offering investment due diligence, plan design, and participant services primarily through financial advisor and consultant channels — closely mirroring Ingham's independent RIA, advisor-channel distribution, and fee-disclosure-driven value proposition.
• Cammack Retirement Group: Cammack is an independent retirement plan consulting firm providing investment advisory, plan design, and fiduciary services to corporate, public sector, and Taft-Hartley plans. Similar mid-sized, independent, advisor-and-employer-led GTM to Ingham with comparable consulting-first positioning.
• Lockton Retirement Services: Lockton offers retirement plan advisory, actuarial, and consulting services as part of a broader benefits/insurance brokerage — comparable in employer/plan-sponsor focus and 401(k)/pension expertise but operating within a much larger diversified brokerage context.
• NFP Retirement Plan Services: NFP provides retirement plan advisory, actuarial, and administration services across corporate, government, and not-for-profit plans, distributed heavily through advisor and consultant channels. Their multi-segment retirement practice matches Ingham's blend of plan sponsor services, individual wealth, and advisor enablement.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCc8Uy7jeJ6SABcCSOglzaLg
• Xx.com/InghamGroup
• LinkedInlinkedin.com/company/ingham-retirement-group

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ingham Retirement Group