RSI In The News
RSM McGladrey Chooses RolloverSystems to Service Terminated Retirement Plan Participants in Transition
Chicago, IL (October 2, 2009) – RSM McGladrey Retirement Resources, a leader in retirement plan services, has selected RolloverSystems, LLC. (RSI), an independent provider of terminated participant rollover solutions, to equip participants leaving qualified retirement plans with unbiased guidance, support and access to retirement savings opportunities.
RSM McGladrey joins a growing number of retirement plan administrators, recordkeepers, advisors, and sponsors who are providing participants exiting their plans with just-in-time education and support that helps them decide what to do with their plan savings. RSM McGladrey currently provides services to over 4,875 plans and has approximately $7 billion in assets under management.
"We're committed to offering our advisor and plan sponsor partners the rollover services required to provide participants with the assistance they need to make informed retirement savings decisions. By engaging RolloverSystems and providing access to its Retirement Center counselors, we're continuing to help them prepare for retirement," said Rose Panico-Marino, RSM McGladrey Retirement Resources' Executive Managing Director and National Practice Leader.
RSI supports retirement plan participants by providing education on retirement options, access to an independent array of investment choices, and assistance with rollover, transfer, or distribution processes. Additionally, participants gain access to WealthConnect, a suite of financial planning tools that helps participants address other areas of their financial lives. Plan sponsors, meanwhile, know that participants will receive advice from unbiased retirement counselors and not be forced into a particular fund family of IRAs.
By managing terminated participant accounts, plan sponsors benefit immediately by cutting plan-related costs, which improves plan efficiency for both the plan sponsor and the participants. They also reduce their fiduciary risk and potential lawsuits by terminated participants. At the same time, participants are enabled to take control of their retirement savings.
"The management of the rollover process is becoming increasingly important to plan sponsors and participants. We look forward to working with RSM McGladrey to support the retirement readiness of their plan participants," said Spencer Williams, RSI's President & CEO. RSM McGladrey will also take advantage of RSI's plan termination solutions.
About RolloverSystems, LLC.
Charlotte-based RolloverSystems, LLC. (RSI) is an independent provider of terminated participant rollover solutions. RSI specializes in helping retirement plan administrators, record keepers, advisors, and sponsors provide retirement savings support to participants. Terminated participants receive education on retirement options, access to an independent array of high-quality rollover options, and assistance with rollover, transfer or distribution processes through its Retirement Center. All terminated participants in a plan – regardless of account balance – receive this high-level of support, a service that is especially valuable to participants who otherwise would not have access to professional guidance. RSI also specializes in auto rollover and terminated plan services. For more information, visit www.RolloverSystems.com/solutions.
About RSM McGladrey Retirement Resources
RSM McGladrey Retirement Resources provides recordkeeping, administration, consulting, and actuarial services for retirement plans. These services are delivered through RSM McGladrey, Inc. RSM McGladrey, Inc. is a member firm of RSM International - an affiliation of separate and independent legal entities.
About RSM McGladrey:
RSM McGladrey is a leading professional services firm providing accounting, tax and business consulting. RSM McGladrey operates in an alternative practice structure with McGladrey & Pullen LLP, a partner-owned CPA firm that delivers audit and attest services. Through separate and independent legal entities, they work together to serve clients' business needs. Together, the companies rank as the fifth largest U.S. provider of accounting, tax and business consulting services (source: Accounting Today), with 8,000 professionals and associates in nearly 100 offices. RSM McGladrey and McGladrey & Pullen LLP are member firms of RSM International, an affiliation of independent accounting and consulting firms. RSM McGladrey is the official accounting, tax and business consulting firm of The PGA of America.