Retirement Services

IMPROVING RETIREMENT READINESS

Our diverse set of retirement services can help sponsors reduce their costs and liability, while simultaneously promoting retirement readiness among plan participants.

Your Ally in Retirement Services

We partner with institutional retirement service providers and plan sponsors to ensure the long-term financial health of retirement plans and their participants. We are passionate about encouraging, protecting, and growing retirement savings to make it affordable at all levels of the retirement industry.

Retirement Services Benefits

What We Offer

We are committed to ensuring that retirement readiness is attainable and affordable at all levels of the retirement industry and offer a suite of IRA and retirement services to meet your evolving needs.

Our IRA solution allows you to lower plan costs, reduce liabilities, and focus on current employees. This includes significant business events, such as bankruptcies, mergers, acquisitions, and business closures that often result in employers terminating or abandoning their retirement plans.

Automatic Rollover Solutions

When an employee retires or terminates employment, they are entitled to a distribution of their retirement account. Many plan distribution checks are not received or acknowledged by the former employee (for a variety of reasons). These uncashed checks represent plan assets and are consequently an ongoing burden for plan sponsors. Uncashed checks from employer-sponsored retirement accounts increase plan costs, complicate plan administration, and prevent fiduciary responsibilities from being fulfilled.

Uncashed Checks Solutions

Small and mid-sized businesses often don’t have the resources to offer their employees a retirement savings plan. We created the Millennium Trust Workplace Savings Solution to provide these businesses access to SIMPLE IRA plans which offer features similar to 401(k) plans, but at a lower cost with less administrative burden.

Workplace Savings Solutions

Missing and non-responsive participants can be a drain on resources, impair effective plan administration and expose you to fiduciary risks. Millennium offers a thorough search service that leverages extensive database searches to help identify participants and enable easy follow up.

Missing Participant Searches

Significant business events, such as bankruptcies, mergers, acquisitions, and business closures often result in employers terminating or abandoning their retirement plans.

We have helped many fiduciaries with terminating plans by rolling missing and non-responsive participants (of any value) into IRAs. Our program performs all of the mandatory search steps prescribed by the Department of Labor (DOL) FAB 2014-01.

Plan Termination Services
  • Automatic Rollover Solutions

    Our IRA solution allows you to lower plan costs, reduce liabilities, and focus on current employees. This includes significant business events, such as bankruptcies, mergers, acquisitions, and business closures that often result in employers terminating or abandoning their retirement plans.

    Automatic Rollover Solutions
  • Uncashed Checks Solutions

    When an employee retires or terminates employment, they are entitled to a distribution of their retirement account. Many plan distribution checks are not received or acknowledged by the former employee (for a variety of reasons). These uncashed checks represent plan assets and are consequently an ongoing burden for plan sponsors. Uncashed checks from employer-sponsored retirement accounts increase plan costs, complicate plan administration, and prevent fiduciary responsibilities from being fulfilled.

    Uncashed Checks Solutions
  • Workplace Savings Solutions

    Small and mid-sized businesses often don’t have the resources to offer their employees a retirement savings plan. We created the Millennium Trust Workplace Savings Solution to provide these businesses access to SIMPLE IRA plans which offer features similar to 401(k) plans, but at a lower cost with less administrative burden.

    Workplace Savings Solutions
  • Missing Participant Searches

    Missing and non-responsive participants can be a drain on resources, impair effective plan administration and expose you to fiduciary risks. Millennium offers a thorough search service that leverages extensive database searches to help identify participants and enable easy follow up.

    Missing Participant Searches
  • Plan Termination services

    Significant business events, such as bankruptcies, mergers, acquisitions, and business closures often result in employers terminating or abandoning their retirement plans.

    We have helped many fiduciaries with terminating plans by rolling missing and non-responsive participants (of any value) into IRAs. Our program performs all of the mandatory search steps prescribed by the Department of Labor (DOL) FAB 2014-01.

    Plan Termination Services

Working with the Best

Our clients view us as a partner that goes above and beyond to provide solutions to their retirement plan needs. We work with plan sponsors, recordkeepers, TPAs, payroll providers and financial services companies.

We also team up with other professionals including financial advisors and employee benefit and bankruptcy attorneys, always with an eye toward improving plan administration and retirement outcomes.

Meet the Team

Connect with an Expert