Professionals
Third Party Administrators
Lower the cost, burden, and time associated with managing plans with missing or unresponsive participants. Rolling over eligible employees that have balances of up to $7,000 can significantly reduce your workload, allowing more time to concentrate on and invest resources into current employees in the plan.
Plan Administrators, Plan Sponsors, Advisors
Writing a Safe Harbor automatic IRA rollover into a plan is an important tool in protecting plan administrators, plan sponsors, and advisors from fiduciary responsibilities. An automatic rollover IRA can be advantageous to the plan sponsor and the participants in the plan. Provisions allow for the automatic rollovers of former participants with balances of up to $7,000. This can alleviate the burden and costs associated with maintaining terminated employees that are missing or unresponsive.
QTAs
In compliance with applicable Department of Labor (DOL) regulations, RolloverSaver® can assist with rolling over missing or unresponsive plan participants. Our Benefit Election Notification services are available for our partners to assist with participant searches, notifications, benefit elections, and distributions. Our team of experts are here to assist in guiding you through the process.
Partner Benefits
- Easy 3-step process
- Designated Rollover Specialist
- Partner Recordkeeping Website
- Comprehensive and ongoing searches
- No cost to Partners
- No minimum roll over amount
- Mailing Notifications
- Tax documents and filings
- 1099-R filings
- Remittance of Federal and State taxes if applicable
- Regulatory communications
- Welcome letter sent to participants
- Referral Program
- Benefit Election and Notification Services
Participant Benefits
- Comprehensive and ongoing searches
- Mailing Notifications
- Automatic IRA account established
- Welcome letter sent to participants
- Rollover support services
- Participant Recordkeeping Website
- No minimum balances required
- No minimum trade requirements
- Unlimited transactions
- Free risk assessment tool
- Access to free Morningstar data
- Statements, tax documents and filings
- 1099-R reporting