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Network will be open to clients, other portability networks
Millennium Trust Company
Millennium Trust Company logo
OAK BROOK, Ill., April 13, 2023 (Newswire.com)
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Millennium Trust Company, LLC, a leading provider of health, wealth, retirement, and benefits solutions, today announced it soon will offer optional auto portability functionality for its best-in-class automatic rollover IRA solution.
The functionality is designed to connect to existing and new auto portability networks in order to further the industry’s ongoing efforts to reduce retirement savings leakage and increase access for all. This new, add-on feature will be ready for client testing later this quarter and available to go live in 2024.
“Thousands of recordkeepers, third-party administrators and plan sponsors – including more than half of the top 20 recordkeepers – partner with Millennium Trust to decrease leakage. Our scale and existing technology integrations put us in the unique position to connect the industry, and we knew we could bring this functionality to market quickly,” said Erik Beck, Chief Commercial Officer of Millennium Trust. “We’re offering this optional feature so any clients interested in connecting with our extensive network of retirement industry participants will be able to do so quickly and easily.”
Millennium Trust’s automatic rollover solution has always supported active portability of an IRA owner’s funds when the account owner chooses to do so, and now the company is improving and extending the solution’s portability options. This current initiative is part of Millennium Trust’s more than $30 million commitment to combat retirement savings leakage by reducing friction, expanding access to savings options, and providing more financial education.
Beck said the company is engaged in extensive, ongoing dialogue with clients of all sizes about their needs. Millennium Trust will have the new functionality in place by the end of June 2023, so anyone interested in the feature will be able to first test it and then implement it at no additional cost on Jan. 1, 2024.
Auto portability leverages the core features of Millennium Trust’s automatic rollover solution, helping individuals transfer their retirement savings from a former employer’s retirement plan to an automatic rollover IRA, and then to their new 401(k) or similar employer-sponsored retirement plan unless they elect otherwise. It is an optional add-on to the existing automatic rollover solution, wherein low-balance accounts of non-responsive former employees are rolled over to an IRA to maintain the tax advantages of the retirement savings system and reduce leakage.
The SECURE 2.0 Act of 2022 allows Millennium Trust to offer auto portability services to recordkeepers, third-party administrators and plan sponsors of all sizes. Auto portability is not mandatory. Rather, plan sponsors may choose to add auto portability to their existing automatic rollover solution, whether through Millennium Trust or another provider, thanks to Millennium Trust’s open network approach to this functionality.
“Millennium Trust wants to make a broad impact on keeping money in the retirement system by partnering with recordkeepers, third-party administrators, plan sponsors and others in our industry. We welcome any current and future retirement industry providers to join us in this mission,” Millennium Trust CEO Dan Laszlo said. “No matter the size of the partner, we want to provide a no-cost, fast and easy option to connect so they can offer their clients choice. And we won’t stop there. We will continue to work on health and wealth solutions that help individuals long before and well into retirement.”
About Millennium Trust Company
Millennium Trust Company solves important business challenges through innovative financial wellness solutions that help people plan, save and invest. With more than 5 million clients holding over $55 billion in assets under custody, we are committed to using our decades of expertise and strong partnership with the financial community to empower employers, advisors and institutions to help people achieve short-term and long-term financial security. Learn more at mtrustcompany.com.
Contact Information:
Emily Burns Perryman
Manager, PR & Communications
847-594-0859
Original Source:
Millennium Trust’s Auto Portability Functionality Ready for Client Testing in June
Users of the meetmagic Platform can now choose to retire digital carbon credits via the Carbonmark marketplace for carbon credits
Carbonmark logo …
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EM3 Ether VR Glasses
SPOKANE, Wash., April 12, 2023 (Newswire.com)
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Smart glasses innovator EM3 just announced the launch of Ether – 9mm ultra-thin VR…
LEONA VALLEY, Calif., April 11, 2023 (Newswire.com)
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Naples, Florida proprietary trading firm SurgeTrader — a member of the Valo Holdings Group family of companies — sponsors the 2023 Fight for Air Climb Dallas benefitting the American Lung Association.
DALLAS, April 11, 2023 (Newswire.com)
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Naples, Florida-based prop firm SurgeTrader has stepped forward as a key sponsor for the American Lung Association’s annual Fight for Air Climb in Dallas, Texas on Saturday, April 29, 2023.
A member of the Valo Holdings Group family of companies, SurgeTrader provides financial support to traders across the world with real money accounts ranging up to $1 million, where funded traders keep up to 90% of the profits they earn. A cornerstone of the firm’s mission is its commitment to philanthropy — helping charitable organizations across the communities they serve.
In addition to sponsorship, SurgeTrader will field a large team of climbers, made up of staff, friends and family. Valo Holdings Group CEO and SurgeTrader Founder Jana Seaman comments, “We’re proud to support the American Lung Association in this incredible event, furthering their mission of saving lives through healthy lungs and healthy air.”
The Fight for Air Climb is an annual event where climbers conquer a course of stadium stairs and raise money in support of the American Lung Association. A family-friendly event, the Fight for Air Climb is designed for every type of climber, from beginners to competitive climbers — even featuring a walking course. This year, the Fight for Air Climb Dallas will tackle the iconic Gerald Ford Stadium at Southern Methodist University, centrally located in the heart of Dallas, Texas. Over the last 12 years, the event and its climbers have raised more than $71 million to support the mission of the American Lung Association.
Remarking on the event and partnership with SurgeTrader, ALA Dallas Development Director, Dolores Johnson, says, “We are thankful for SurgeTrader’s sponsorship of the 2023 Dallas Fight for Air Climb and their support of our mission of healthier lungs and healthier air because, when you can’t breathe, nothing else matters!”
About the American Lung Association:
The American Lung Association is the leading organization working to save lives by improving lung health and preventing lung disease through education, advocacy and research. The American Lung Association is focused on four strategic imperatives: to defeat lung cancer; to champion clean air; to improve the quality of life for those with lung disease and their families; and to create a tobacco-free future. For more, visit Lung.org.
About SurgeTrader:
SurgeTrader, LLC is a US-based proprietary trading — or prop trading — firm, with a mission to accelerate trader funding and provide capital to profitable traders. Once traders have proven they can be profitable by passing an Audition, they become a part of the SurgeTrader-funded trader community, with access to an account funded with up to $10 million in buying power. For more information on SurgeTrader or how to become a funded trader, visit https://www.surgetrader.com.
Contact Information:
Chrissa Alghini
Marketing Director
239-944-5317
Original Source:
Valo Holdings Group and SurgeTrader Sponsor the American Lung Association’s Fight for Air Climb Dallas
Two Men Talking Podcast Releases New Episode: The Science Between Men and Women Being ‘Just Friends’
NEW YORK, April 11, 2023 (Newswire.com)
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Just as there are two sides of a coin, there are also two schools of thought whether men and women can have purely “platonic” relationships. In Episode 2 of the Two Men Talking Podcast, Fred believes that a platonic relationship eventually leads to romance. Stanley, age 89, is convinced that platonic relationships are absolutely possible even after a smooch.
To hear the differing views of these Ladies’ Men “gents” with more than 160 years of combined life experiences, listen to Episode 2 of their April 11th Podcast. The topic: “Love or Lust: Can Men and Women Have Purely Platonic Relationships?”, can be listened to at www.TwoMenTalking.com. The episode is part of a series of refreshing and thought-provoking listens for men, women, and anyone “in-between” from ages 20 to 100; anyone who loves living life to the fullest.
About Two Men Talking Podcast
With more than 160 years of combined life experiences, Stanley and Fred offer listeners a candid and relatable perspective on dating, relationships, women, and even life’s impossibilities. To listen to the podcast and learn more about Stanley and Fred, visit their website at www.TwoMenTalking.com.
Contact Information:
Ann Marie Abraham
212-956-1807
Original Source:
Two Men Talking Podcast Releases New Episode: The Science Between Men and Women Being ‘Just Friends’
FELCO New Garden Tools
SEATTLE, April 10, 2023 (Newswire.com)
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FELCO, the world leader in pruning and horticultural tools, has recently launched a new…