According to a news release, RolloverSystems will provide the services to some of the 180,000 retirement plan clients of First Charter Bank and its subsidiary, SouthEastern Employee Benefit Services (SEBS).
In addition to its proprietary technology, RolloverSystems will provide customer communications, access to the RolloverMarket Network, fulfillment and customer service, the announcement said.
The North Carolina-based First Charter chose RolloverSystems in June 2005 to aid in the compliance with EGTRRA-mandated automatic rollovers for qualified retirement plans and intends that RolloverSystems now process all rollover distributions, the news release said.
“Now employees can easily weigh their rollover options, choose an IRA that’s right for them, and initiate their rollover in minutes,” said Jon Yancey, vice president of the First Charter Corporate Asset Management Group, in the announcement.
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