Using technology to automate the process of document creation, distribution, tracking and filing brings efficiency to a traditionally paper-heavy task, according to the automatic-rollover service provider. “We anticipate [this] will greatly improve productivity for Millennium Trust and our institutional clients,” the firm says.
The new process is as follows:
- Millennium Trust provides third-party administrators (TPAs) with a secure link to an online form that collects service agreement data;
- TPAs can either input the data on behalf of the plan sponsor or share the link with them;
- Automatic rollover service agreements are generated and distributed to plan participants for review and e-signature; and
- Millennium Trust e-signs and a fully executed document is distributed to all parties.
More information is available at 877-682-4727 or at www.mtrustcompany.com.