To get started, simply sign our Automatic Rollover Services Agreement.Access E-sign Agreement
Missing or non-responsive former employees can be a drain on resources, impairing effective plan administration and exposing you to additional fiduciary risks. Automatic rollovers were created to provide an easy way for retirement plans to remove costly, small balance accounts of former employees while preserving the tax-deferred status of their retirement savings.
Since 2005, we’ve provided solutions to help retirement plan sponsors reunite their former employees with their retirement funds. Our solution is used by some of the largest recordkeepers, TPAs and plan sponsors in the industry, including about one-third of the Fortune 1,000 companies. These IRAs are designed to comply with the Safe Harbor regulation-Section 657(c) of the Economic Growth & Tax Relief Reconciliation Act of 2001.Read Whitepaper
Millennium is the largest independent provider of automatic rollover IRA services in the industry. Let our extensive experience help you take care of former participants so you can spend your time managing the plan for active participants. Benefits include:
Easy three-step process
Assets invested in a FDIC-insured bank account
Service & support from a team of 40+
Comprehensive search services to help locate missing participants
Between 2005 and 2015, it is estimated that 25 million terminated employees left one workplace plan account behind – many of which are accounts with small balances. These accounts can be costly and drain plan resources, which can impact participants in the plan with larger balances. Use our calculator to gauge how much you could potentially save annually by rolling over these accounts.Calculate Savings
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