Rolling over a 401(k) is just as difficult as navigating the complexities in retirement planning, according to Unified Trust, a bank trust company and fiduciary. That’s why it has launched its Rollover Wizard, said to offer tailored education for those facing the rollover process.
With the Rollover Wizard, current Unified Trust plan participants can see their rollover options, as well as a breakdown of benefits, fees, and service models, according to the company. Individual data is “prepopulated” into the tool, says Unified Trust, and participants can also add any supplementary information, including outside savings and assets, personal risk tolerance, and more.
“Unified Trust has nearly a decade of experience with digital advice, beginning with our defined contribution managed account solution, the UnifiedPlan. As we continue to evolve our digital offerings and proactively seek innovative ways to support retirement savers, the Rollover Wizard is a particularly exciting development,” says Michael Samford, digital advice manager at Unified Trust. “The product is designed to address the needs of the entire marketplace and will allow us to make a real impact for all retirement savers, so they can make more informed 401(k) rollover decisions.”
Unified Trust says it has seen a common theme with rollovers. In 2016, the company introduced its Managed Rollover Solution, offering personalized rollover solutions exclusive to “situation, goals and time horizon.” With the digital Rollover Wizard, participants can see all rollover options available, says the company. While Rollover Wizard was created for current Unified Trust plan participants, individual savers and external retirement plan participants can utilize the Managed Rollover Solution.
More information about the rollover tools can be found here.