RSI In The News
RolloverSystems introduces WealthConnect, enhancing support for participants, 401(k) sponsors.
Click here to visit WealthConnect.
RolloverSystems Inc., an independent provider of rollover management services for terminated retirement plan participants, has bolstered its already powerful participant support programs with WealthConnect, a comprehensive suite of online retirement readiness education and planning tools for 401(k) plan participants.
WealthConnect uses interactive tutorials, calculators and articles to provide participants a better understanding of the impact of retirement and financial planning decisions. No matter what stage of life participants are in - whether just entering the work force, managing life events such as college, preparing for retirement, or in retirement – WealthConnect makes it easier to plan.
“Particularly during these tough economic times, these tools, combined with the guidance of our licensed Rollover Counselors, provides plan participants access to the resources they need to make financial and retirement decisions,” said Chief Marketing Officer Jim Langenwalter. “WealthConnect is another way RSI is serving the best interests of plan sponsors and participants. Additionally, it’s a significant service that our advisor and TPA partners can introduce to plan sponsors to differentiate their practices.”
RSI manages the rollover process for 401(k) plan sponsors, supporting participants by providing 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. Plan sponsors, meanwhile, know that participants will have access to unbiased retirement counselors and not be forced into a particular fund family.
By managing the rollover process, plan sponsors benefit immediately by cutting plan-related costs, which makes the plan efficient 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. And now, with WealthConnect, they can address other areas of their financial lives that will have an impact on their long-term retirement readiness.