Welcome to Millennium Trust
We are excited to have to the opportunity to serve as your Safe Harbor IRA provider (or as we refer to it an Automatic Rollover IRA). For your reference, you can access the documents below that will govern Safe Harbor IRAs automatically rolled over to Millennium Trust. To learn more about us, please watch our video and read about our Benefits and Services.
Traditional IRA DocumentsRoth IRA DocumentsFee ScheduleAutomatic Rollover IRAs
Missing or non-responsive former employees can be a drain on resources, impairing effective plan administration and exposing you to additional fiduciary risks. Automatic rollovers were created to provide an easy way for retirement plans to remove costly, small balance accounts of former employees while preserving the tax-deferred status of their retirement savings.
The Benefits
The 2001 Economic Growth and Tax Relief Reconciliation Act (EGTRRA) created a method for plan sponsors to remove the accounts of missing or non-responsive former employees from their plans. In 2005, the Department of Labor (DOL) published their final Automatic Rollover Safe Harbor Regulations, and we launched our Automatic Rollover Solution.
Today, our solution has been implemented by over 1,200,000 retirement plans, providing them a simple, secure, and client-friendly solution that is easy to use for both the plan and former employees. Our solution was designed using the latest technologies, to service the needs of both large and small plans and can easily process a large volume of small accounts, including balances of less than $1,000.
Focus on your current employees; we’ll work to reunite past employees with their retirement funds.