RolloverSystems | Press Release: RolloverSystems Announces Selection by TIAA-CREF to Provide Direct Rollover Services

RolloverSystems Announces Selection by TIAA-CREF to Provide Direct Rollover Services

CHARLOTTE, N.C. (September 21, 2005) -- RolloverSystems™ announced today that TIAA-CREF has chosen the company’s industry-leading platform to provide automated rollover services. This relationship instantly offers participants a quick, streamlined way to roll over balances directly to an IRA. Under terms of the agreement, RolloverSystems will also provide individualized fulfillment services to facilitate the transaction process.

"This deal is consistent with a larger industry trend to make retirement account rollovers as efficient as possible without compromising service," said Reginald Bowser, CEO of RolloverSystems. "Our independent, unbiased automated platform will provide a true service to those among TIAA-CREF's 3.2 million retirement services customers who require a simple, effective rollover solution for their accounts."

Increasingly, retirement plan providers and administrators are seeking technology and outsourced alternatives to some administrative and fulfillment-related tasks. Retirement plan distributions, especially rollovers, are infrequent transactions for most employees. IRA rollovers involve choices and paperwork unfamiliar to most consumers. RolloverSystems uses web-based technology to help simplify the process and reduce errors in the various required forms. Companies like TIAA-CREF can streamline business processes and save money by partnering with RolloverSystems.

RolloverSystems offers outsourced distribution services to plan sponsors and plan providers. The company connects eligible plan participants to a network of top investment companies and provides a complete, technology-based service for automatic rollovers. RolloverSystems’ combination of world-class technology, customer communications and customer support provides financial institutions and customers alike with a comprehensive solution to their retirement savings needs.

About TIAA-CREF

TIAA-CREF is a national financial services organization and the leading provider of retirement services in the academic, research, medical and cultural fields. With more than $350 billion in combined assets under management (6/30/05), TIAA-CREF is ranked one of Fortune magazine's 100 largest U.S. companies (April 2005). Further information can be found at http://www.tiaa-cref.org.

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RolloverSystems, Inc., is a Registered Investment Adviser with the U.S. Securities and Exchange Commission. RolloverSystems does not offer research or advice on specific securities, nor does the company offer tax advice. The financial institutions on the RolloverSystems network are solely responsible for their products and services. A complete description of RolloverSystems’ services is available to prospective clients in our Disclosure Brochure (Form ADV Part II).
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