Knowledge Center | Millennium Trust Company
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Retirement Providers

Search Services

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.

Video

Uncashed Checks

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.

Video

Rollover Solutions

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...

Video

Retirement in America 2020: Crisis and Opportunity in an Evolving Economy

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.

White Paper
10 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

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