Mercer to Offer Participants Access to WMSI for Rollovers

Mercer HR Services has announced it will use the technology of Wealth Management Systems, Inc. (WMSI) to enable former retirement plan participants to easily rollover assets into an Individual Retirement Account (IRA).

According to the announcement, WMSI will supply software to Mercer that allows former participants to learn about their distribution options and directly deposit rollover assets into an IRA if they choose. The solution gives individuals access to a variety of IRA providers including Mercer-affiliate Mercer Securities.

Mercer said directly depositing assets into an IRA rather than receiving a distribution check means former participants are more likely to continue building their retirement savings. Using WMSI technology, Mercer HR Services offers individuals the ability to initiate a rollover with a single phone call.