Knowledge Center | Page 2 | Millennium Trust Company
Knowledge Center

Expert knowledge
You can count on

Retirement Providers

Small Businesses Can Play a Key Role in Retirement Crisis

Americans aren’t saving enough for retirement. Small businesses have options to offer retirement savings plans to their employees.

Infographic

Easy and Affordable Workplace Savings Options for Small Businesses

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...

Fact Sheet
2 minute read

Retirement Plan Service Providers Could Benefit From Offering Sidecar IRAs

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.

White Paper
12 minute read

From Legislative Footnote to Fiduciary Best Practice

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...

White Paper
14 minute read

Benefit Distribution Services

About Millennium Trust Company Respected custodian in the retirement services industry Industry leading provider of customized retirement services and custody solutions Comprehensive operations and client servicing environment Advanced technology that facilitates efficient and secure transmittal of data and funds...

Fact Sheet
1 minute read

Search Services for Retirement Plan Balances

When plan participants leave balances behind, it can cause serious complications for administrators. Leverage Millennium Trust’s comprehensive search procedure to find missing participants and reunite them with their retirement assets.

Fact Sheet
2 minute read

University Uses Automatic Rollovers to De-Risk Pension Plan

Higher education institutions have seen an increase in lawsuits targeting their retirement plans in recent years. This private, non-sectarian research university reduced their risk and saved administration fees by implementing Millennium Trust’s Automatic Rollover Solution for their defined benefit plan.

Case Study
2 minute read

Your Workplace Savings Solution

It is expected that many Americans will not have enough savings to adequately fund their retirement, leading the country towards a potential crisis. Millennium Trust has developed a Workplace Savings Solution to provide small-and mid-sized businesses and their employees access to easy and affordable retirement plans.

Fact Sheet

Rollover Solutions Connect People to their Retirement Funds

A major publication recently published an article that explored how 401(k)s can be “drained” when employees leave their companies. In that article, automatic rollover IRAs were pointed out as one area that can potentially have a negative impact on retirement savings for non-retirees. The article stated that, due...

Case Study
2 minute read

Automatic Rollover IRAs Are Valuable Retirement Tools

Over the past several years, debate around the Department of Labor’s proposed fiduciary rule has focused on retirement advice and fiduciary responsibility. One often-raised issue is the value of Individual Retirement Accounts (IRAs) as retirement tools. Some experts think they are essential retirement planning tools...

Case Study
6 minute read

Above and Beyond IRA Solutions

Our suite of IRA and retirement services helps you reduce costs and liabilities, and better serve plan participants.

Fact Sheet
6 minute read

The Key to the Uncashed Checks Dilemma

This White Paper details why uncashed checks have become a problem for plan sponsors, how widespread the problem is, how the problem can affect plan sponsors and how automatic rollover IRAs are the best solution to the problem, all based on guidance and rulings from the DOL, with respect to the Employee Retirement...

White Paper
10 minute read