AUTOROLLOVERS is contracted by Plan Sponsors to establish IRAs on behalf of terminated employees or upon Plan termination. This often occurs when terminated employees fail to respond to distribution notices provided.
At the time we establish an IRA, a PIN is issued to allow Account Holders access to their accounts, either via our automated voice response unit (1-800-530-1272) or this website.
Plan Sponsors Fees
There are no fees assessed to Plan Sponsors. Fees charged to IRA Accounts for services provided are assessed based on account balance as follows:
Account Balance: Monthly Fee
- Up to $3,000: $5.00
- $3,000.01 - $ 5,000: $ 4.50
- $5,000.01 - $15,000: $2.50
- Greater than $15,000: $1.00
User fees are charged for the following services as indicated:
- Withdrawals: $50
- Installment Payments: $50 per year*
- Conversions: $50
- Account Research: $75/hour
- Express check delivery: $35
- Other services as quoted, upon request
*Fee is assessed as $50 divided by the payment frequency per year and charged with each payment.