DO WHAT YOU DO BEST, AND PUT US TO WORK ON THE REST.
1. INDEPENDENT AND SECURE
Millennium Trust is an independent custodian. In our view, the objective is simple: focus on the client. We do not compete for your client’s business. Despite difficult economic times, Millennium Trust continues to grow. Today we administer over 800,000 accounts with total assets under custody exceeding $24 billion.
We have been providing automatic rollover solutions to plan sponsors, TPAs and record keepers since 2005. Millennium Trust offers a flexible solution that can accommodate all rollovers including active, terminating and abandoned plans. We have agreements with over 69,000 plan sponsors to use our Automatic Rollover solution.
3. SERVICE AND SUPPORT
A dedicated relationship manager will guide you through the process and provide you with a solution designed for your organization. We can save you time, money and reduce fiduciary risk, while preserving participants’ retirement account savings.
Participants will have access to our client service team via phone, e-mail, fax or in person. Each team member is experienced with IRAs and well trained on IRS distribution rules. Our client service team utilizes a dedicated trust accounting system that keeps track of the underlying investments, transactions and tax reporting.
Each IRA owner receives a Welcome Kit and is offered web access to account information and annual statements. We provide tax reporting including Form 5498.
4. EASY AND COMPLETE ACCESS
Our services are comprehensive, and are uniquely equipped to accommodate any number of small accounts. Rollovers are invested initially in an FDIC insured money market vehicle and participants have a full range of investment options and tools. When addresses are out-of-date, we use search tools to find missing participants.
Security and confidentiality are critical. Millennium Trust offers the highest level of data integrity, and securely interfaces with all retirement record keeping systems. We gather participant information via password protected e-mail, secure portal or through 128-bit encrypted file format.
5. REASONABLE FEES
Millennium Trust is committed to providing our Automatic Rollover Solution at no cost to plan sponsors and TPAs. Our fees are charged to the participant and are very reasonable.