Key Features
- Millennium Trust can act as a successor custodian for
existing individual 403(b) accounts currently held at mutual
funds companies.
- Millennium Trust will enter into Information Sharing Agreements with plan sponsors and will comply with employer plan documents.
- As an independent custodian, we work in concert with both approved and non-approved vendors.
- Our 403(b) solution provides administrators both individual account information and batched employer information.
- Our client service platform supports self-directed retirement accounts.
Key Benefits
- Participant assets remain invested in existing mutual funds.
- Fund companies continue to receive contributions through 403(b) salary reduction.
- Brokers and financial advisors are not disenfranchised and compensation continues uninterrupted.
- Transfer is at no cost to the fund company.
- Fund companies can avoid adverse reactions from exiting the 403(b) market.
- Fund companies are not responsible for future compliance requirements under employer plan documents.
|
> FAQs
> Morningstar Tools
> List of Mutual Funds
> Account Forms
> Fact Sheet
|
