CHARLOTTE, N.C. (PRWEB) September 28, 2004 -
based 401(k) rollover solutions, announced today that Charles Schwab & Co. Inc. will begin offering Individual Retirement Account (IRA) rollover products and services through the RolloverSystems Network.
Available free online at http://www.rollovermarket.com, RolloverSystems' rollover tool allows workers who are changing jobs to easily compare multiple Rollover IRA offers from competing top-tier financial institutions, select the offer that best meets their investment needs, and quickly complete the transfer of their retirement savings from their former employer's 401(k) plan to their new IRA.
Schwab joins a growing roster of financial institutions offering Rollover IRA products and services as members of the RolloverSystems Network, including Fidelity Investments, J.P. Morgan Chase, TD Waterhouse, and Harrisdirect.
"The addition of Charles Schwab & Co. to the RolloverSystems Network, with its tremendous range of investments, approximately 285 branches nationwide and award-winning online customer service is major news for any job changer who has savings in a 401(k) plan and wants to stay on track to a financially secure retirement," said RolloverSystems chief executive officer Reginald Bowser. "Nowhere else can a 401(k) plan participant instantly compare and complete a Rollover IRA from a top-tier financial institution like Schwab."
Using RolloverSystems' unique technology, a 401(k) plan participant can choose a Rollover IRA offer and complete the paperwork needed to transfer the funds to the new IRA in as little as 15 minutes Â dramatically simpler and faster than the traditional rollover process, which can take up to eight weeks to complete.
"Many job changers are put off by the traditional rollover process, which is cumbersome and time-consuming," Bowser said. "Now people can access the world-class investment offerings of our participating financial institutions, make an intelligent and informed decision about their financial future, and regain a sense of control over their retirement planning."
RolloverSystems is the leading provider of technology-based 401(k) and 403(b) rollover products and services for financial institutions, plan sponsors, and HR technology companies. The company helps financial institutions capture new Rollover IRA customers and selectively retain corporate retirement plan assets as Rollover IRAs. In addition, RolloverSystems helps plan sponsors and plan providers save time and money by outsourcing rollover transactions and enabling more terminated participants to select a rollover option. The company operates the only open exchange that matches retirement plan participants with a network of top-tier financial institutions. For more information on RolloverSystems, please visit http://www.rolloversystems.com.
About Charles Schwab
The Charles Schwab Corporation (NYSE/Nasdaq: SCH) through Charles Schwab & Co., Inc. (member SIPC/NYSE), U.S. Trust Corporation and CyberTrader, Inc., and its other operating subsidiaries, is one of the nation's largest financial services firms in terms of client assets. The Charles Schwab, U.S. Trust and CyberTrader web sites can be reached at http://www.schwab.com, http://www.ustrust.com and http://www.cybertrader.com.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.