Individuals
Institutions
Advisors
Rollover IRA

HOW DOES AN AUTOMATIC ROLLOVER DIFFER FROM OTHER DIRECT ROLLOVERS?

Through our automatic rollover solution, your former employer or plan sponsor has chosen to automatically move funds from your qualified retirement account such as a 401(k) into an IRA.


Other direct rollovers occur when you, the individual owner of the retirement account, decide to move the funds from your company retirement account to an IRA.

 

LOOKING TO ROLLOVER YOUR RETIREMENT FUNDS?

If you are looking to roll over your funds directly from an existing retirement account such as a 401(k), you will need to establish a self-directed IRA. To learn more, click here. 

WELCOME AUTOMATIC ROLLOVER IRA ACCOUNT HOLDERS

The retirement account at your former employer has been automatically rolled over into a self directed Individual Retirement Account (IRA) at Millennium Trust on your behalf. This means that your 401(k) or other qualified retirement account is no longer open and all the funds have been transferred to the new IRA with Millennium Trust. To learn more, click on any of the links below:

 

 

What do you need to do?

You should have received a Welcome Kit that contains a pre-populated adoption agreement. To make sure we have the most recent account information on file, you should review, complete the missing information, sign and mail back the form. 

 

How does the Millennium Trust IRA work?

The IRA is in your name and will help preserve tax-deferred retirement savings for you. Your new self-directed IRA account has many benefits, including:

 

  • No fee for additional contributions
  • The chance to defer income taxes and avoid penalties
  • The ability to view your account information online
  • Live Automatic Rollover client service group representatives
  • Flexibility of investment choices

 

Can I keep my account with Millennium Trust?

You don’t have to do to anything – the IRA has already been established for you. We strongly recommend that you send in the signed adoption agreement with any necessary updates. Also, if you want to access your account online, you should request web access by clicking here.

 

Please feel free to contact the Automatic Rollover client service group at Millennium Trust. We can help you become familiar with your new account and explain many of the features and benefits. We will do our best to bring you the highest quality in client service.


Automatic Rollover Client Service Group
877.682.4727
ARP@mtrustcompany.com