System and Method for Directing Third Party Deposits Into an Employer Sponsored Retirement Account

A system for directing third party deposits into an employer sponsored retirement account, said system comprising:

• a computer server having a processor connected to the wide area network and that provides a user interface to the network;
• a non-volatile memory in said computer server in data communication with said processor and configured to store programming and data structures;
• programming in said memory that, when executed by said processor, causes said processor to:
• determine a retirement contribution amount equal to at least a portion of retirement fund deposits associated with a member of a retirement fund entity and an employee of a participating employer;
• wherein said retirement fund deposits include retirement card sales and third party deposits associated with the member;
• transmit an instruction to a payroll entity associated with the member's employer, on the member's behalf, to deduct an amount equal to said retirement contribution amount from a paycheck associated with said member and to make a contribution to a retirement account associated with the member and with the employer sponsored retirement account in an amount equal to said deducted amount;
• direct a monetary payment in an amount equal to said retirement contribution amount to a bank account or address associated with said member.