The new product, dubbed IRA (Integrated Retention of Assets), is a Web-based program that facilitates defined contribution (DC) plan-to-IRA rollovers.
The service allows defined contribution plan participants to process their rollover on the current financial institution’s Web site, where they receive signature-ready documents and the transfer of their 401(k) assets to the new Individual Retirement Account.
The service also offers:
- Education on rollover options
- Investment strategies
- Advice during each life stage
« Net Impact On Treasury Functions – Survey