
Kevin Clark
kclark@mtrustcompany.com
630.368.5647
Small balance accounts 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 while preserving the tax-deferred status of their retirement savings.
DOL RequirementsIn order to roll over distributions from your plan to an IRA, the DOL requires that the initial investment product must be designed to minimize risk, preserve principal, provide a reasonable rate of return, and maintain liquidity.
Our automatic rollover solution allows you to choose between our FDIC-insured, Cash Sweep Program or the Prudential Guaranteed Fund (PGF), a stable value fund offered by The Prudential Insurance Company of America.
Cash Sweep ProgramPGFOur solution has been implemented by over 55,000 retirement plans, providing them a simple, secure, and client-friendly solution that is easy to use for both the plan and former employees.
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