In addition to providing a choice of IRA products and streamlining the rollover process, Rollover Central will provide users with expanded educational content, videos and product comparison tools to help employees with their rollover decisions.
Designed with job changers and retirees in mind, Rollover Central is an integrated plan service that enables plan sponsors and retirement plan providers to educate exiting employees about distribution options so they can make better, more informed decisions about their retirement savings. For those deciding to roll over to an IRA, Rollover Central enables users to compare multiple product options from IRA providers side-by-side to evaluate special offers, investment services and fees and help users select the option that is right for them.
User-friendly screens and new Learning Center and How It Works sections help users get answers to their specific questions whether they are rolling over for the first time, changing jobs or getting ready to retire.
Most participants who initiate rollovers through the firm’s applications tend to visit and gather information at least twice before transacting, according to John Geli, chief executive of WMSI. “We added the new SAVE and EMAIL capabilities to encourage users to review and compare IRA options online, and to share information with spouses and others who they may consult with when making financial decisions,” Geli said.
WMSI is connected to recordkeepers, servicing more than 12 million participants. More information is at http://www.wealthmsi.com.