SOURCE: Millennium Trust Company

automatic rollover IRA, retirement plan distribution, missing participants, IRA, IRA rollover

April 26, 2010 16:09 ET

J.P. Morgan Retirement Plan Services Chooses Millennium Trust's Automatic Rollover Solution

OAK BROOK, IL--(Marketwire - April 26, 2010) - Millennium Trust Company proudly announces that J.P. Morgan Retirement Plan Services has chosen Millennium Trust's Automatic Rollover Solution for their clients and their clients' employees. This streamlined Automatic Rollover solution relieves the employer of the cost and responsibility of maintaining retirement account balances for missing and non-responsive plan participants. Millennium Trust is a leading provider of administrative and IRA custody services specializing in large volumes of accounts. J.P. Morgan Retirement Plan Services is part of a global financial services firm serving over 350 large companies with 1.3 million participants.

"Many companies face the challenge of finding a safe home for the group of participants that remain missing or nonresponsive after they switch employment," says Millennium Trust CEO, Scott McCartan. "IRA custody and working with plan sponsors and consultants is what we do, so we are pleased to provide J.P. Morgan Retirement Plan Services our Automatic Rollover IRA solution for their clients' plans. Automatic Rollovers help companies save money, time and valuable resources and at the same time preserve tax-deferred retirement savings for their former employees."

About JPMorgan Retirement Plan Services
J.P. Morgan Retirement Plan Services provides fully bundled defined contribution and defined benefit services and is the United States' seventh-largest defined contribution record keeper. Additional information about J.P. Morgan Retirement Plan Services may be found at www.jpmorgan.com/pages/retirement.

About Millennium Trust Company
Millennium Trust Company is an industry leader in administrative and IRA custodial services. Millennium custodies alternative and traditional assets in IRAs, Solo 401(k)s and custody accounts, offers cost-effective 403(b) solutions, creates customized Automatic Rollover programs, provides integrated Health Savings Account solutions and designs unique trading platforms for Investment Advisors. Additional information about Millennium Trust Company may be found at www.mtrustcompany.com.

Millennium Trust performs the duties of a custodian and, as such, does not provide investment advice or sell investments, nor offer any tax or legal advice.

Contact Information

  • Contact Information

    Mary Hackbarth
    SVP, Director of Marketing
    Millennium Trust Company
    630.368.5642
    Email Contact

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