Malvern provides 401(k) retirement plan administration and recordkeeping. The agreement with RolloverSystems will allow Malvern to provide plan sponsors with tools they need to allow terminatedparticipants to select an IRA and request a distribution, according to a press release.
RolloverSystems provides IRA offerings to rollover candidates. According to the company, its system allows rollover candidates to compare multiple offers from financial institutions and then initiate a rollover transaction online.
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