Retirement benefits - What's New - Brief Article

HR Magazine, May, 2003

RolloverSystems Inc. has launched a new web-based tool to help employees who have changed jobs to roll over their 401(k) savings accounts. RolloverMarket is designed to provide a quick and easy way to roll over 401(k) savings into individual retirement accounts and to avoid onerous tax and investment losses.

The new service matches 401(k) plan participants with a network of financial institutions that offer IRA products and services. Employers also can use RolloverMarket to help new employees find investment vehicles for their 401(k) savings from previous emloyers and to provide departing emloyees a way to protect their hard-earned retirement savings.