Oak Brook, Illinois – December 3, 2013 - Millennium Trust Company and NADART announced today that Millennium Trust has been selected to be NADART’s exclusive automatic IRA rollover provider for its network of nearly 2,000 retirement plan sponsors. Millennium Trust was chosen over a field of many automatic rollover service providers after an extensive review process.
NADART is the financial services division of the National Automobile Dealers Association (NADA) and has been delivering best-in-class retirement services for automobile and truck dealers since 1957. NADART has been a pioneer in the retirement services industry since its founding and was one of the first to offer the “bundled service” approach, allowing it to be a single provider that performs all accounting and administrative functions of the plan while offering a wide selection of investment options and trustee services to roughly 90,000 plan participants.
“Millennium Trust is an excellent selection based on their proven capabilities. The firm’s seamless process for automatic rollovers and their commitment to providing exceptional service and support to IRA account holders is well tested,” said Jim Young, Sr. Director Product Management, “Millennium Trust has been providing their automatic rollover solution to some of the largest companies in the U.S. since 2005.”
Millennium Trust Company is a qualified custodian chartered by the State of Illinois. As an innovator in the financial services industry, Millennium Trust was one of the first to offer an extensive suite of automatic rollover services, providing: unmatched service and support; proven and innovative technology; comprehensive search procedures for finding missing individuals; as well as a full range of investment choices for IRA account holders. Millennium Trust’s automatic rollover service is designed to help plans meet the Department of Labor’s (DOL) safe harbor requirements for the automatic rollover of plan assets to individual retirement accounts (IRAs).
“NADART has been providing employee benefit options for over 55 years and continues to add to its services,” said Millennium Trust’s Managing Director of Automatic Rollovers Terry Dunne, “We are excited to work with NADART as it continues to serve the retirement needs of both current and former employees in the auto dealer industry.”
For more information about Millennium Trust Company visit: www.mtrustcompany.com
For more information about NADART visit: www.nadart.org.
About Millennium Trust Company
Millennium Trust Company is a leading financial services company offering niche alternative custody solutions to institutions, advisors and individuals. We serve as a complement to services offered by other custodians. Our innovative solutions include rollover solutions, alternative asset custody, private fund custody and advisor support solutions. Millennium Trust performs the duties of a directed custodian and, as such, does not perform due diligence on prospective investments, sponsors or service providers and does not sell investments or provide investment, tax or legal advice.
About NADART
NADART is a financial services and benefits provider with assets under administration of over $3 billion (as of September 2013). Located in McLean, Va., NADART offers fiduciary support and guidance, customized plan design options for business owners, insurance and employee benefit options, transitional products that assist with workforce changes and executive plan offerings that help attract and retain top talent. NADART supports nearly 2,000 plans with about 90,000 participants. NADART is committed to providing exceptional value to retirement plan sponsors and participants through a combination of administrative experience, multi-faceted support and a winning team of service professionals devoted to helping clients achieve financial success.
