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Daland Corporation Adopts RolloverSystems Automated 401(K) Rollover Platform; Leading Pizza Hut and Panera Bread franchisee seeks the ease of automated rollovers for employees.


CHARLOTTE, N.C. -- RolloverSystems, which pioneered the independent 401(k) automated 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.  platform, today announced it will provide rollover services - including automatic rollovers under EGTRRA EGTRRA Economic Growth and Tax Relief Reconciliation Act of 2001 (also known as EGTRAA 2001)  - for employees of Daland Corporation, a large Pizza Hut franchisee in the U.S. Daland owns and operates 95 Pizza Hut restaurants in 12 states and 13 Panera Bread Panera Bread (NASDAQ: PNRA), is a chain of bakery café restaurants in the United States, specializing in serving specialty breads, sandwiches, soups, bakery items, and in select cafés, pizzas and organic potato chips. Corporate history
In 1993, Au Bon Pain Co.
 Bakery-Cafes in Florida. E[acute accent]Starting immediately, eligible employees of Daland Corporation will be able to choose an 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.
 provider and roll over their 401(k) accounts electronically using RolloverSystems' RolloverMarket(TM) platform. The RolloverSystems service is unique in the industry in that it provides a comprehensive, choice-based voluntary rollover program before employee 401(k) accounts are automatically transferred to a "safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
" IRA. Using the voluntary service, employees fill out one electronic form and receive up to five competitive IRA offers from top investment companies on the RolloverMarket Network. The process takes less than 15 minutes to complete online or by phone. E[acute accent]The selection of RolloverSystems by Daland--a leader in the restaurant business--marks an important step in the evolution of the retirement savings industry, as more employers realize how costly and cumbersome it is to keep terminated employees in the company's 401(k) plan. Today, leading employers and financial institutions are increasingly turning to technology that streamlines the rollover process for departing employees and reduces the cost of servicing these accounts, especially those with smaller balances. E[acute accent]"Our mission is to make IRA rollovers as easy and seamless as electronic banking," 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.
, founder and 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. "We've signed up more than 500 automatic rollover clients in the past few months, and having Daland standardize on the RolloverSystems platform demonstrates our simplified, automated rollover service is an idea whose time has come." E[acute accent]RolloverSystems now provides its automated rollover service to more than two million employees through relationships with employers and retirement plan service providers. The company handles rollover transactions for 401(k) and other qualified plans, including 403(b) and government 457 plans.

E[acute accent]About RolloverSystems

E[acute accent]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 Plan participants

Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan.
 with a network of top-tier financial institutions offering rollover IRAs, including Fidelity Investments, Wachovia Securities, Charles Schwab, American Century, JPMorgan Chase and Neuberger Berman. For more information on RolloverSystems, please visit www.rolloversystems.com or www.rollovermarket.com.
COPYRIGHT 2006 Business Wire
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 11, 2006
Words:419
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