Fashion

Infor Partners with Foresight Retail to Improve Merchandise and Assortment Planning to Reduce Waste

Infor Partners with Foresight Retail to Improve Merchandise and Assortment Planning to Reduce Waste

Partnership aims to offer last-mile solution for fashion brands NEW YORK, April 12, 2023 /PRNewswire/ — Infor®, the industry cloud company, today announced that it has developed a partnership with Foresight Retail, a leader in delivering merchandise and assortment planning to help fashion brands and retailers improve inventory management and better balance supply to demand, and thereby […]

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Fashion

Studio Supreme Expands to Europe with New Branch Opening

Studio Supreme Expands to Europe with New Branch Opening

Studio Supreme expands its global reach by opening a new branch in Europe. SHANGHAI, April 12, 2023 /PRNewswire/ — Studio Supreme is proud to announce the official opening of Studio Supreme Films, the company’s latest branch located in Estonia. With this expansion, Studio Supreme will now be able to produce a broader range of fictional […]

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Fashion

World Renown Perfumer Thomas Kosmala Signs with The PCA Group for North American Distribution

World Renown Perfumer Thomas Kosmala Signs with The PCA Group for North American Distribution

NEW YORK, April 12, 2023 /PRNewswire/ — The PCA Group – a worldwide leader in the beauty industry and recognized as the prominent source for licensing and distribution – has signed an agreement with world renowned perfumer Thomas Kosmala for the exclusive distribution rights across North America. Kosmala’s luxury brand and associated fragrances for both men […]

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Fashion

POLARIS SLINGSHOT INTRODUCES NEW LIFESTYLE CLOTHING COLLECTION WITH TWO DISTINCT STYLES

POLARIS SLINGSHOT INTRODUCES NEW LIFESTYLE CLOTHING COLLECTION WITH TWO DISTINCT STYLES

2023 Spring Collection of Unisex Casualwear Draws Inspiration from Vehicle Lineup, Delivers Broad Range of Colors & Designs Suited for Any Personal Style MINNEAPOLIS, April 12, 2023 /PRNewswire/ — Polaris Slingshot, the show-stopping, adventure-seeking three-wheel vehicle, today introduces a new lifestyle clothing collection. Slingshot’s spring 2023 clothing collection offers a wide range of designs and […]

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Fashion

Handbags market size in India to grow by USD 207.51 million from 2021 to 2026; BAGGIT, Da Milano Leathers Pvt. Ltd., among others, emerge as key vendors – Technavio

Handbags market size in India to grow by USD 207.51 million from 2021 to 2026; BAGGIT, Da Milano Leathers Pvt. Ltd., among others, emerge as key vendors – Technavio

NEW YORK, April 7, 2023 /PRNewswire/ — The handbags market in India is set to grow by USD 207.51 million between 2021 and 2026. The growth momentum will accelerate at a CAGR of 4.90% during the forecast period. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way […]

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Fashion

InventHelp Inventor Develops New Therapy Undergarments (TRO-817)

InventHelp Inventor Develops New Therapy Undergarments (TRO-817)

PITTSBURGH, April 7, 2023 /PRNewswire/ — “I thought there should be a line of undergarments that could reduce pain and swelling, so I invented this,” said an inventor from Toronto, ON. “My design could be used to bring down swelling and provide comfort.” This comfortable and therapeutic payent-pending design would provide relief in areas that […]

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Lifestyle

Millennium Trust’s Auto Portability Functionality Ready for Client Testing in June

Millennium Trust’s Auto Portability Functionality Ready for Client Testing in JuneNetwork will be open to clients, other portability networks

Millennium Trust’s Auto Portability Functionality Ready for Client Testing in June
Millennium Trust Company

Millennium Trust Company logo

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

[email protected]

847-594-0859

Original Source:

Millennium Trust’s Auto Portability Functionality Ready for Client Testing in June

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Fashion

Oklahoma Welcomes New Rally House Store in Edmond

Oklahoma Welcomes New Rally House Store in Edmond

EDMOND, Okla., April 7, 2023 /PRNewswire/ — Rally House increased its presence in Oklahoma in recent months, and the national sports and merchandise retailer is eager to continue growing with a new storefront in Edmond, OK. Rally House Edmond is down the street from the University of Central Oklahoma campus, making it ideal for students […]

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