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Retirement Providers

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

Automatic Rollover Comprehensive Solution

PROVIDING A TURNKEY AUTOMATIC ROLLOVER SOLUTION Millennium Trust launched its Automatic Rollover Solution in 2005 when the Department of Labor (DOL) published their final Automatic Rollover Safe Harbor Regulations. Today, our solution has been implemented by just under 100,000 plan sponsors, providing them a simple,...

Fact Sheet
2 minute read

Searching for Missing Participants

OVERVIEW Millennium Trust’s comprehensive search and outreach procedure is able to locate an overwhelming majority of missing or non-responsive account holders in order to reunite them with their retirement accounts. IDENTIFYING MISSING ACCOUNT HOLDERS At Millennium Trust, individuals are considered "missing...

Fact Sheet
2 minute read

Top 5 Reasons to Select Millennium as Your IRA Provider

DO WHAT YOU DO BEST, AND PUT US TO WORK ON THE REST. 1. INDEPENDENT AND SECURE Millennium Trust is an independent custodian. In our view, the objective is simple: focus on the client. We do not compete for your client’s business. Despite difficult economic times, Millennium Trust continues to grow. Today we administer...

Fact Sheet
2 minute read

DOL Requirements Affecting Retirement Plans

Many employer-sponsored retirement plans have missing and non-responsive participants, which can increase plan administration costs each year. The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) amended the Internal Revenue Code to help reduce these expenses by allowing plans to establish IRAs for...

Article
5 minute read