Overview

Managing the accounts of terminated employees can be a real administrative burden – one that increases plan costs and potential liabilities while diverting attention away from active employees.

Wealth Management Systems Inc. (WMSI) offers a one-stop solution that takes the guesswork out of rollovers – saving plan sponsors time and money. Our program can accommodate mandatory rollovers from tax-qualified plans and rollovers resulting from individual account plan terminations.

Easy “No Fee” Solution
Working with TPAs and Recordkeepers, WMSI automates the exchange of participant data to:

Open IRA accounts automatically
Fund participant IRAs directly
Batch process participant distributions
Generate reconciled reports of all fund activity
Support paperless processing – no distribution forms or IRA applications to handle – as well as regular processing cycles (annual, semi-annual or quarterly)
Provide enrollment agreements

For terminating plans, WMSI can provide lost/missing participant location and communication services to comply with regulatory requirements through our partnership with Compliance Performance Solutions, LLC (RCP Solutions).

TPAs/Recordkeepers can package WMSI’s solution for plan sponsors and generate a revenue share on all funded IRAs. Plan sponsors can also utilize the program directly, working with WMSI to select a designated IRA provider.

Learn More
	Read Brochure - Active Plans
	Read Brochure - Terminated Plans
	Schedule Demo


Who Uses ARP