Products June 17, 2003

Job Seekers Offered K Plan Rollover Options

June 17, 2003 (PLANSPONSOR.com) - Job seekers will be able to roll over their 401(k) plan assets into an IRA at the same Web site used to search for their next professional port of call because of a newly announced partnership.

Reported by

Fred Schneyer

The Charlotte, North Carolina-based RolloverSystems Inc. announced that it would ally with job-search site CareerBuilder.com to make RolloverSystems’ 401(k) rollover technology available on the Internet.

According to a news release, job changers who visit the CareerBuilder.com Rollover Center, will be able to fill out an online form and then select the best option from among multiple IRA offers from a network of financial institutions. According to the announcement, the process is expected to take as little as 25 minutes. More information is available at www.rollovermarket.com.