RolloverSystems Extends Reach

December 8, 2004 ( - RolloverSystems, Inc., has expanded its reach, with the addition of American Century Investments and New York Life Insurance Company to its RolloverSystems Network.

New York Life brings new products to the RolloverSystems offering, which currently includes IRA products and services from  Fidelity Investments Charles Schwab & Co.,  J.P. Morgan Chase, TD Waterhouse, and Harrisdirect.   American Century Investments brings its new My Retirement Portfolios funds, launched last August (see  American Century Releases Life Cycle Funds ).

RolloverSystems’ platform, available at , allows participants to fill out one form, instantly compare multiple offers from various financial institutions, and then initiate the rollover transaction online.

Charlotte, North Carolina-based RolloverSystems allows plan sponsors and plan providers to save time and money by outsourcing rollover transactions and enabling more terminated participants to select a rollover option, according to the firm.