Abstract: An investment administration system including a qualified money purchase plan is disclosed. The investment administration system accepts only after-tax employee contributions, direct and conduit rollovers from qualified plans and direct transfers from other qualified plans. The investment administration system does not accept employer contributions. A licensor is the central hub of the investment administration system. The licensor licenses institutional licensees, such as banks, and individual licensees, such as brokers, to market the investment administration system. The licensor provides the functions of a plan administrator/trustee for the investment administration system, provides marketing tools and information, generates standard forms, licenses the use of service marks and provides technical assistance to the licensees. Employers adopt the investment administration system through an institutional licensee or individual licensee, or become an employer licensee of the licensor.