Welcome Transamerica Clients! | Millennium Trust Company

Welcome Transamerica Clients!

We look forward to serving you

Welcome to Millennium Trust Company. Transamerica has selected us to serve as the new provider of your automatic rollover IRA. We are the largest independent automatic rollover IRA custodian and look forward to helping you along your retirement journey.

Your account will automatically transfer to Millennium Trust on December 31, 2020 if no further action is taken from you. For more details, please continue to read below.

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FAQs

Why is my account being transferred to Millennium Trust?
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Transamerica has made the decision to exit the automatic rollover IRA business and has chosen Millennium Trust as the new IRA provider.

What do I need to do if I want to have my account transfer to Millennium Trust?
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If you wish to have your IRA transferred to Millennium Trust, you do not need to notify us. If you would rather transfer your IRA to another financial institution or take a full distribution of your IRA, you must instruct Transamerica in writing on or before December 30, 2020, and follow its standard processes.

Will I receive a final statement from Transamerica?
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Shortly after the transition of your IRA to Millennium Trust, you will receive a final account statement for your Transamerica IRA reflecting activity in your IRA for the portion of 2020 that your IRA was held there.

How will my cash be invested?
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Your cash was directed to be invested in a Stable Value Fund by Transamerica.

Once my account is transferred, when can I get access to my account?
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Beginning on January 11, 2021 you will be able to access your Millennium Trust account online, allowing you to view your account balances, assets, transaction history, statements and trade online.

Who do I contact with more questions?
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If you have questions related to the Transamerica resignation you can contact xx. For information on Millennium Trust’s IRA, contact xxx.

Stay Informed

Rest assured that we will make sure the transition goes smoothly. If you’d like to stay informed and be notified with important reminders throughout the process, please provide your name and email so we can add you to the notification list and keep you updated.

Important Key Dates

12/30/20

Final day to either (1) request and direct the transfer of your Transamerica IRA to another financial institution (other than Millennium Trust) or (2) take a full distribution of your IRA, prior to it being transferred to Millennium Trust.

12/31/20

Your IRA is transferred to Millennium Trust if no other action has been requested and directed.

1/1/21 – 1/10/21

To provide a smooth and seamless transition, access to your account will not be available during this brief period of time. Investment directions, transfers, distributions, and other requests will not be processed.

1/11/21

Online access will be available to your Millennium Trust IRA. Account requests received prior to this date will be processed.

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Account Documents

Please carefully review the documents that will govern your new Millennium Trust IRA once your account is transferred to us. We encourage you to either save an electronic copy or print them out for your records.

Traditional IRA DocumentsRoth IRA DocumentsFee Schedule