Wealth Management Systems: Automated Account Openings

Home | Contact Us | Site Map | Search:

	Voluntary Rollovers
	Mandatory Rollovers
	Terminated Plan Rollovers
	Choice of IRA Providers

	Automated Account Openings

	Program Administration

	Rollover Solutions Network

WMSI leverages the same processes used in our mandatory rollover program to support rollovers from terminated plans. WMSI acts as the program administrator, and facilitates the electronic exchange of participant data between plan administrators and the selected IRA Provider, enabling:

• Paperless transactions – no forms or IRA applications.
• Automated IRA account openings.
• Batch processing of distributions.
• Direct funding of participant IRAs.
• Reconciled reporting on all fund activity.

* It is important to comply with all regulatory requirements concerning the rollover of missing participant accounts from terminated defined contributions to IRAs. You should consult with your legal advisor regarding the administration of these accounts.

We can address your questions or schedule a program review.

Phone
908.333.4089

Email