When participants become eligible for distributions from their retirement plans, they can face numerous complicated choices – choices they are often ill-equipped to make on their own. As a result, many participants simply cash out their retirement plan account balances with each job change or upon retirement without considering the potential impact to their long-term retirement outcomes.
RolloverCentral connects the processing platforms of third-party administrators (TPAs) and the account opening systems of IRA providers so plan participants can open IRAs and effect distributions in a single, real-time IRA rollover process – quickly, easily, and securely.
RolloverCentral also supports various business models which can help to:
- Expand plan-level service offerings
- Provide access to educational content
- Streamline processing