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Products March 14, 2007
Mercer Teams with Wealth Management Systems to Enhance Rollover Services
March 14, 2007 (PLANSPONSOR.com) - Mercer HR
Services has announced it will use the technology of Wealth
Management Systems, Inc. (WMSI) to enable former retirement
plan participants to easily rollover assets into an
Individual Retirement Account (IRA).
Reported by Rebecca Moore
According to the announcement, WMSI will supply software to Mercer that allows former participants to learn about their distribution options and directly deposit rollover assets into an IRA if they choose. The solution gives individuals access to a variety of IRA providers including Mercer-affiliate Mercer Securities.
Mercer said directly depositing assets into an IRA rather than receiving a distribution check means former participants are more likely to continue building their retirement savings. Using WMSI technology, Mercer HR Services offers individuals the ability to initiate a rollover with a single phone call.
More about Mercer HR Services can be found at www.mercerhr.com .
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