MILLENNIUM’S STEP-BY-STEP GUIDE TO AUTOMATIC IRA ROLLOVERS

TRA has partnered with Millennium, an industry leading national IRA solutions provider who has assisted with automatic rollover agreements with more than 55,000 plan sponsors and over $23 billion assets under custody.

The Retirement Advantage, Inc. is not affiliated with Millennium. Any automatic rollover IRA services provided from Millennium are the responsibility of Millennium This service is provided as a convenience. The Retirement Advantage does not endorse Millennium and recommends you compare other providers prior to utilizing Millennium’s services.

Millennium’s Step-by-Step Guide to Automatic IRA Rollovers

Our dedicated resources and flexible solutions help you take care of past employees while reducing plan expenses in 3 easy steps. Should you have any questions about any of the three steps listed below, do not hesitate to contact Millennium’s Senior Account Manager and Implementation Specialist, Nancy Ramirez:

Nancy Ramirez
nramirez@mtrustcompany.com
630.472.5972

Step One: Sign Service agreement

Step Two: Provide us participant information

Use the Millennium-EZ-Rollover-IRA to enter data then upload the worksheet to Millennium’s secure portal.

 

Participant information includes participant’s name, address, social security number, date of birth, dollar amount and plan name. With this information, we automatically open IRAs and send a Welcome Kit to each participant.

Step Three: Transfer funds to Millennium

View our Delivery Instructions for methods of sending funds.The preferred methods of receiving participant funds are wire transfer or ACH, but we will also accept check(s). After the IRAs are opened and funded, we send a confirmation email to the plan sponsor or TPA.

About Millennium Trust Retirement Services

Millennium offers a suite of IRA and retirement services to meet your evolving needs – all designed to help you reduce costs and liabilities, and better serve plan participants.

  • Establishes safe-harbor IRA’s for missing and non-responsive participants of both active and terminated retirement plans.
  • Rollover services provided for TPA’s/Recorkeepers including Fidelity, JP Morgan, Mercer, John Hancock, LPL, MetLife, MassMutual, AON Hewitt and more.
  • Provides DOL approved missing participant services.

The Retirement Advantage, Inc. is not affiliated with Millennium. Any automatic rollover IRA services provided from Millennium are the responsibility of Millennium This service is provided as a convenience. The Retirement Advantage does not endorse Millennium and recommends you compare other providers prior to utilizing Millennium’s services.

Pattern

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