The Retirement Savings Selector Tool for Small Businesses can help small business owners identify which retirement plan may be the best fit from a few quick and easy questions.
When retirement plan participants leave balances behind, it can cause serious complications for administrators. Millennium Trust offers a thorough search service that helps to locate participants so plans can operate more efficiently and reduce fiduciary risk.
Regardless of whether the address was bad, the check was lost, or the recipient just never bothered to cash it, plan sponsors need a solution for the uncashed checks that remain in their plan. A simple, effective solution is to roll over uncashed checks to an IRA with Millennium Trust.
Since 2005, Millennium Trust has been providing automatic rollover solutions to corporate plan sponsors, TPAs, Advisors and record keepers to move terminated employees off their books. This video will give you a quick overview of our automatic rollover solution and how this flexible solution can accommodate...
In an evolving American economy, issues with Social Security, pensions, early withdrawals, a lack of access to retirement plans and insufficient savings all paint a bleak picture of Retirement in America. But there are still reasons to be hopeful.
Our survey of small businesses and employees revealed joint interest in retirement savings, but misconceptions about their retirement options have caused small businesses not to take action.
Retirement savings plans are important to Millennials and can help small businesses attract and retain talent.
As state-sponsored retirement plans become more widespread, federal plans, like multiple employer plans (MEPs), have come front and center. But, small businesses want a private option for retirement savings, not a one-size-fits-all approach.
Americans aren’t saving enough for retirement. Small businesses have options to offer retirement savings plans to their employees.
Forty-seven percent of small businesses don’t offer a retirement savings benefit program. Workplace Savings is designed for businesses where 401(k) plans may not be the best fit and aims to increase employee access to tax-advantaged retirement savings at work, all while minimizing the cost and time required of the...
Sidecar IRAs - still relatively uncommon in the retirement industry today - may benefit plan providers and plan participants, and help promote retirement readiness while many Americans struggle to save for the future.
Since their introduction as part of EGTRRA in 2001, automatic rollovers have transformed from a legislative afterthought to fiduciary best practice for plan sponsors and providers. Learn how this evolution occurred, and why automatic rollovers appear poised to remain an integral part of plan administration for the...