Products February 4, 2004

ExpertPlan Brings on the Rollover Solutions Network

February 4, 2004 (PLANSPONSOR.com) - ExpertPlan Inc., an online retirement plan recordkeeper and administrator, has adopted a new platform to make paperless distributions easier and automate IRA Rollovers.
Reported by

According to a news release, technology service provider Wealth Management Systems, Inc.(WMSI) developed the Rollover Solutions Network.

The network functions as an electronic interface between ExpertPlan’s recordkeeping platforms and brokerage account opening applications.   The network electronically processes participant distributions and real time IRA Rollover account openings by routing retirement plan account data to retail account opening systems.

“The Rollover Solutions Network enables us to streamline distribution processing, virtually eliminating paperwork and check processing while increasing productivity and reducing costs.  Integrating distribution processes and IRA Rollover services enables our clients to market a self-service rollover product directly to participants,” said Win Cody, founder of ExpertPlan, in a statement.  For more information, go to  www.expertplan.com .

WMSI is under relatively new leadership, having tapped Jude Metcalfe as its chief executive officer in November.  Metcalfe came to WMSI from Mellon HR Solutions where he was CEO (SeeWealth Management Systems, Inc. Appoints Metcalfe as CEO ).

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