SOURCE: Millennium Trust Company

Automatic Rollover IRA, Retirement Plan Distribution, Missing Participants, IRA, IRA Rollover

November 26, 2010 07:00 ET

Automatic Rollover Growth Produces Expanded National Sales Team at Millennium Trust Company

OAK BROOK, IL--(Marketwire - November 26, 2010) - Driven by increasing sales, Millennium Trust Company, an industry leader in Automatic Rollover solutions for missing and non-responsive participants, has expanded its national sales team. This expansion is in response to what has been another banner year for the Illinois-based company, which has seen a continuous sales increase in spite of the economic turmoil. Automatic Rollover IRA accounts and revenues have doubled year over year, which prompted the additional national sales team members.

"Millennium's revenue, net income and cash flow have grown positively over this decade, especially in the last 6 years since developing our Automatic Rollover Solution. Our solution includes 30 Fortune 500 companies as clients," states Terry Dunne, Managing Director of Automatic Rollovers at Millennium. "We have grown to 130 employees, tripling our staff since 2005."

The hiring of Dustin Locklear, Vice President of Automatic Rollovers, will be the third new addition to the sales team this year along with seven client service and operational new hires. Mr. Locklear draws on more than six years of comprehensive sales experience to offer innovative, flexible solutions to Millennium Trust clients and will be responsible for Automatic Rollovers in the West.

Millennium Trust's national Automatic Rollover sales team includes the following coverage:
National - Terry Dunne
West - Dustin Locklear
Midwest - Jayne Fahlen and Nancy Weiler
East - Kevin Clark and John Brooks
Sales Coordinators - Diane Pressley and Marilyn Vozar

"The expanded national sales team illustrates the remarkable sales growth and opportunities we are realizing. Automatic Rollovers for missing or non-responsive participants help record keepers, TPAs and plan sponsors save time and money, while preserving their former employees deferred retirement savings," said Dunne.

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

    820 Jorie Boulevard
    Suite 420
    Oak Brook, Illinois 60523
    800.258.7878
    www.mtrustcompany.com

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