Individual Retirement Accounts

Welcome to Millennium Trust

We are excited to welcome you as a new Millennium Trust client. We are a leading provider of Individual Retirement Accounts and today custody over 500,000 IRAs. The previous custodian for your IRA, Great-West, selected us as your successor custodian. Millennium Trust empowers you with trusted expertise, exceptional service and access to a wide range of custody solutions.

Learn more about MTC

How does the Millennium Trust IRA work?

Your funds are currently invested in a FDIC-insured Cash Sweep Program and ready for you to take control of at your earliest convenience. These savings are in a tax-deferred account and you must simply verify your identity with Millennium Trust in order to claim your account.

Learn more about IRA Options

Verify Identification

As a financial institution, we are responsible for verifying your identification. This is for your protection and to ensure the money in your account is going to the correct person.

A life event may have changed your personal information from the last time you updated your Empower IRA to now. The most common life events include: Moving, Marriage and Divorce. To reconcile the change, we typically require additional documentation, which can include a copy of your driver’s license, recent utility bill, marriage or divorce certificate.

What are my next steps?

You can choose to keep your Millennium Trust account with us or move the money elsewhere. It’s important to note that any outgoing money requests - including transfers or distributions – require that we verify your identity prior to processing.

x

If you would like to keep your IRA with Millennium Trust, please complete the online Account Agreement. At this time you can update personal information, add funds and obtain online account access.

Complete Online Form

x

Complete the online distribution request. 

Important Tax Reminders

  • An IRA distribution may be a taxable event and it will be reported on Internal Revenue Service (IRS) Form 1099-R mailed by January 31 of the following year.

  • Your IRA assets may be eligible for a tax-free “rollover” within 60 days upon your receipt of a distribution.

  • While a rollover to another plan is not a taxable event, it is a reportable event, and will be reported on Internal Revenue Service (IRS) Form 1099-R mailed by January 31 of the following year.

Request Distribution or Rollover

x

To begin the process, complete the online account form to verify your identity and take control of your account.

Once that is complete, please contact the new provider to obtain the appropriate transfer paperwork. We require the original copy of the new IRA provider’s transfer paperwork (signed by both you and the new IRA provider).

Request Outgoing Transfer
  • Take Control of your IRA

    x

    If you would like to keep your IRA with Millennium Trust, please complete the online Account Agreement. At this time you can update personal information, add funds and obtain online account access.

    Complete Online Form
  • Take a Distribution or Rollover to another retirement plan

    x

    Complete the online distribution request. 

    Important Tax Reminders

    • An IRA distribution may be a taxable event and it will be reported on Internal Revenue Service (IRS) Form 1099-R mailed by January 31 of the following year.

    • Your IRA assets may be eligible for a tax-free “rollover” within 60 days upon your receipt of a distribution.

    • While a rollover to another plan is not a taxable event, it is a reportable event, and will be reported on Internal Revenue Service (IRS) Form 1099-R mailed by January 31 of the following year.

    Request Distribution or Rollover
  • Transfer Instructions

    x

    To begin the process, complete the online account form to verify your identity and take control of your account.

    Once that is complete, please contact the new provider to obtain the appropriate transfer paperwork. We require the original copy of the new IRA provider’s transfer paperwork (signed by both you and the new IRA provider).

    Request Outgoing Transfer