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BPA-Harbridge Joins RolloverSystems Automatic Rollover Network.


CHARLOTTE, N.C. -- RolloverSystems announced today BPA-HARBRIDGE (BPA-H) will make available its EGTRRA-compliant safe-harbor IRA Ira, in the Bible
Ira (ī`rə), in the Bible.

1 Chief officer of David.

2,

3 Two of David's guard.
IRA, abbreviation
IRA.
 to thousands of plan sponsors via RolloverSystems' Safe-Harbor IRA Provider (SHIP) Network. This new relationship highlights continued adoption of automatic rollovers as the default mandatory distribution option for plan participants Plan participants

Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan.
 impacted by the EGTRRA EGTRRA Economic Growth and Tax Relief Reconciliation Act of 2001 (also known as EGTRAA 2001)  rules.

RolloverSystems continues to expand the variety of retirement products and services offered to eligible plan participants through its network of top financial institutions. The company now enables retirement plans to choose from seven safe-harbor IRA providers, offering the greatest flexibility and most choice available in the industry. RolloverSystems also helps clients execute all required contracts, agreements and notifications with safe-harbor IRA providers chosen from the company's network.

This move also underscores the focus of BPA-HARBRIDGE on growing its retirement services business. "Our channel partners are definitely seeing strong demand for automatic rollovers from plan sponsors," said Sean Arnold Sean Arnold (born 30 April 1941 in Wickwar, Gloucestershire) is an English actor.

He is best known for his role as police inspector Barney Crozier in the 1980s BBC television series Bergerac.
, Product Manager, AutoRollovers for BPA-HARBRIDGE. "Financial advisors who sell retirement plans need an easy automatic rollover solution, but advisors and their retail broker-dealers are generally not set up to handle such a large number of small balance accounts."

RolloverSystems is also experiencing growing demand for its automatic rollover services. "More and more companies are realizing the high cost of not putting automatic rollover provisions in place," said Reginald Bowser Bowser may mean:
  • Bowser, British Columbia, an unincorporated community on Vancouver Island
  • Bowser and Blue
  • Bowser and Blitz from C.O.P.S.
  • Bowser (Nintendo), the main villain in the Mario series of video games.
, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of RolloverSystems. "Innovators like BPA-HARBRIDGE are stepping up to handle these smaller-balance accounts, first as a way to serve retirement plan clients, and second as a way to grow their retail business."

RolloverSystems gives financial institutions access to the next generation of retirement investors. The company provides outsourced rollover A graphic element in an application or on a Web page that changes its color or shape when the pointer is moved (rolled) over it. See JavaScript rollover. See also n-key rollover.  services under private label through plan sponsors and retirement plan service providers. RolloverSystems technology enables IRA providers to narrowly target their ideal customer segments for retention or acquisition, and the company's private label fulfillment and customer service streamlines distribution operations and helps reduce the cost of acquiring retirement assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. .

About RolloverSystems

RolloverSystems is the leading provider of outsourced retirement plan rollover services for financial institutions, plan sponsors, and HR technology companies. The company operates the only independent, objective platform that matches eligible retirement plan participants with a network of top-tier financial institutions offering rollover IRAs, including Fidelity, TD Waterhouse, Charles Schwab, American Century, JPMorgan Chase and Neuberger Berman. For more information on RolloverSystems, please visit www.rolloversystems.com or www.rollovermarket.com.

About BPA-HARBRIDGE

Since 1973, BPA BPA British Paediatric Association. _Harbridge (BPA-H) has served the retirement plan needs of an expansive list of organizations throughout the U.S. and Puerto Rico. BPA-H provides daily valuation plan administration, actuarial services and retiree health care plan consulting. BPA-Harbridge, through an affiliated company, is an NSCC See National Securities Clearing Corporation.

NSCC

See National Securities Clearing Corporation (NSCC).
 member, and provides custodial services to its own daily valuation plans and IRA accounts. BPA-HARBRIDGE markets its services to mutual fund companies, registered investment advisors and brokers. Many of the major fund companies refer their advisors and brokers to BPA-H to administer complex plans that the larger administration companies choose not to support.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 13, 2005
Words:492
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