Simplify Your Retirement Plan Management with M2 Rollover Services
Our Automatic Rollover IRA/ Uncashed Check Solution
M2 has created an Automatic Rollover IRA/ Uncashed Check Program which satisfies the DOL Safe Harbor provisions, thereby allowing employers to reduce their administrative burden, fiduciary liability and plan management expenses. Once the employer establishes an Automatic Roller IRA/ Uncashed Check program on behalf of a former employee and sends the funds to M2, the person is no longer a participant in the employer’s retirement plan
Check out our Employer Guide for more detailed information about our Automatic Rollover IRA/ Uncashed Check Program.
Highlights of M2 Rollover Services’ Automatic Rollover IRA/ Uncashed Check Program
Easy set-up
process
No cost to Employer/Plan Sponsor
No account
minimums
DOL Safe Harbor
compliant
Eliminates employer
expenses
Limits employer exposure to fiduciary risk
Eliminates employer’s need to track former employees
M2 continues to try and locate the former employee
Participant funds deposited into FDIC Insured savings accounts
Participants can keep their M2 Rollover account, take a distribution, transfer to another IRA, or move funds to a new employer's plan
M2 Rollover’s fees are compliant with regulations and are charged to the ex- employee’s IRA
De Minimis Account Program - Accounts with a balance of $200 will not be subject to fees for a period of four months
Claim Your Retirement Account
Read our Aticles
Preventing retirement plan leakage
According to the U.S. Census Bureau, nearly half of Americans between the ages of 55 and 66 have $0 in retirement savings. Cashing out retirement savings early, often referred to as retirement or 401(k) leakage, is one of many reasons why people are financially unprepared for retirement. The law requires
Why do Plan Sponsors and TPAs use Automatic Rollover IRAs?
Plan sponsors use automatic rollover IRAs to help reduce administrative burdens and costs associated with maintaining accounts for former employees who have small balances in their employer-sponsored retirement plans. Automatic rollover IRAs also provide a simple, streamlined process for former employees to keep building their retirement savings, even after they
What is an Automatic Rollover IRA?
Typically, a workplace retirement plan such as a 401(k) will have a provision that allows employers and plan sponsors to remove former employees with balances of $7,000 or less from their retirement plan. This provision helps to reduce employers’ costs and administrative burdens. Former plan participants receive a notice from
Sarah Clark – TPA
Miguel Flores – Lost Participant
I was contacted by M2 about my old retirement plan which I had forgotten about. Cristian at M2 walked me through how to transfer my money to an IRA I had at another custodian.
How to Get Started!
Download the Employer Guide and review the information to determine the services in which you are interested.
