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- The average mandatory rollover has been $3,300.
- 85% of the mandatory rollovers are still with the provider that received the assets.
- 16% of the accounts opened via WMSI's mandatory rollover processing were ultimately activated by the participant.
WMSI has the technology applications in place to process participant data and automate an IRA account opening with mandatory IRA rollover provider partners. Within the program, WMSI acts as the program administrator and facilitates the electronic exchange of participant data between plan administrators and the selected IRA provider.
About Wealth Management Systems Inc.
Additional information about WMSI is available at www.wealthmsi.com. Financial
services are provided through WMSI Securities LLC, a wholly owned subsidiary of
WMSI and member FINRA/SIPC.
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