Products November 8, 2011

DST and Rollover Platform Form Alliance

DST Retirement Solutions and Wealth Management Systems Inc. (WMSI) formed a partnership to provide expanded rollover service options to DST clients.
Reported by

Through integration within DST’s recordkeeping platform, WMSI’s suite of rollover services can be deployed to capitalize on rollover and asset retention opportunities. These services include:

•  Rollover Solutions Network: a Web-based rollover application that helps streamline the rollover process and makes IRA services accessible to participants at the plan level.

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•  Call Center Application: aggregates and plans participant and adviser data across multiple platforms providing representatives with full rollover servicing capabilities.

•  Advisor Rollover Network: enables advisers to target market rollover services to select plan participants across their plans and manage direct rollover referrals.

•  Automatic Rollover Program: provides plan sponsors with a streamlined solution for administering force-out provisions and plan terminations.

Deals & People November 8, 2011

Janus Selects Fidelity as Retirement Provider

Janus Capital Group chose Fidelity Investments to provide it with a defined contribution plan, a non-qualified retirement savings plan, and stock plan services. 
Reported by

Fidelity began delivering certain Janus participants with 401(k) and non-qualified retirement savings plans on July 1, and began providing eligible participants with stock plan services on October 17.

Upon final implementation of all three savings programs, Fidelity will service approximately 1,100 Janus participants with an estimated $250 million in assets under administration.

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