Home | Contact Us | Site Map | Search:

Technological Vision Background & Philosophy Our Team Client & Partners Press Room Contact Us Rollover Provider Wealth Management Systems Inc. Announces Roth Mandatory IRA Rollover Capabilities Industry Leader Expands Rollover Offerings Bedminster, NJ (October 30, 2006) - Wealth Management Systems Inc. (WMSI), the leading provider of technology-based rollover products and services, announced it has upgraded its mandatory rollover program to support rollovers from a Roth 401k to an individual Roth IRA account. Firms utilizing its Mandatory Rollover Services can now provide these new services. Jude Metcalfe, WMSI CEO, stated "This extension of our product is a natural addition to our Rollover Product. Many service providers offering Roth options now have low balance accounts left by participants who departed the plan. We can make it simple for plan fiduciaries to satisfy the Department of Labor's Safe Harbor regulations." WMSI, which has been processing mandatory rollovers for a little more than a year, also released the following inception-to-date statistics on the program: 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. Back to Press Room Press Release Archives Looking for a press release? Please select from the archives below: Press Room 2006/2007 Press Room 2005 Press Room 2004 Press Room 2003

Privacy Policy  |  Copyright © Wealth Management Systems Inc.