March 9, 2012 (PLANSPONSOR.com) – IRAmarket.com launched a service to help reduce the paperwork for 401(k) rollovers to IRAs.
The service helps users complete new account applications using a secure online process. The new features are powered by Wealth Management Systems, Inc. (WMSI).
A number of WMSI's top partners will initially be available on IRAmarket.com, and more WMSI clients will be added in the near future.
WMSI provides a technology platform linking retirement plan recordkeepers and IRA providers. Through this connection, WMSI creates a round trip rollover process for retirement plan participants providing a choice of IRA options from the brands they know, account opening services and the coordination of distribution requests. Rollovers are processed quickly and easily online, and at no cost to the participant, in less than 20 minutes, the company said.
For more information, visit http://www.iramarket.com.