Teams with WMSI for Rollover Solution launched a service to help reduce the paperwork for 401(k) rollovers to IRAs.

The service helps users complete new account applications using a secure online process. The features are powered by Wealth Management Systems Inc. (WMSI). 

A number of WMSI’s top partners will initially be available on, and more WMSI clients will be added in the near future.  

WMSI provides a technology platform linking retirement plan recordkeepers and IRA providers. Through this connection, WMSI creates a roundtrip rollover process for retirement plan participants providing a choice of IRA options from the brands they know, account opening services and the coordination of distribution requests. Rollovers are processed quickly and easily online—and at no cost to the participant—in less than 20 minutes, the company said.

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