Reduce your administrative burden with RolloverSystems
Unlike in years past, managing terminated employees is the emerging management issue for plan sponsors today. With the advent of auto enrollment legislation and its rapid adoption over the past several years, employees are being added as participants in record numbers. Unfortunately, employee turnover at a national level still ranges from 10% – 20% per year; and even higher in some industries. Our experience has shown that when the percentage of terminated participants exceeds 5% of the plan’s total participants, the consequences become evident. Plan-related costs rise, fiduciary risk increases and retirement readiness for terminated employees declines significantly. With RSI you can quickly implement a systematic means to improve your plan efficiency.
Discover the Benefits
- Help terminated employees keep on track for retirement saving
- Reduce administrative burden of terminated and missing participants
- Minimize fiduciary risk associated with terminated participants
- Lower costs by keeping plan books under control
- Comply with EGTRRA automatic rollover rules
Learn more with our on-demand Webcast
Want to learn more? Click here to view our free, on-demand Webcast to see how RSI's independent rollover management services can benefit a plan sponsor and their terminated participants.
View the webcast.
