Products October 31, 2003

4myBenefits Links to RolloverSystems' Rollover Tool

October 31, 2003 (PLANSPONSOR.com) - A Cincinnati, Ohio-based HR outsourcer has added a 401(k) rollover option from RolloverSystems Inc. to its online HR and benefits service menu.
Reported by

4myBenefits Inc. said in a news release that the RolloverSystems ‘ rollover tool allows 401(k) plan participants who want to roll over their retirement savings to go online, fill out a form, receive multiple IRA offers from a network of financial institutions and complete the rollover transaction in as little as 25 minutes.

RolloverSystemscurrently offers Rollover IRA products and services from four financial institutions – Merrill Lynch, J.P. Morgan Chase & Co., TD Waterhouse and Harrisdirect . In addition to easing the rollover process for employees, RolloverSystems ‘ technology also will help human resources administrators by reducing the amount spent on retirement plan administration while helping them comply with the EGTRRA, which requires that employers automatically roll over distributions for certain former employees unless the participant chooses otherwise, according to the news release.

For more information, go to www.4mybenefits.com/home.html or www.rolloversystems.com .

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