NRP has partnered with Rollover Systems to offer an automated process that captures information regarding terminated participants and distributes rollover leads to the Advisor based on a customized segmentation strategy:
- For plan distributions below a minimum threshold established by the Advisor, Rollover Systems will follow up with terminated participants directly and offer investment alternatives.
- For plan distributions at or above the Advisor's minimum threshold, Rollover Systems will communicate to the participant that Advisor will contact them to discuss alternatives, then provide prospect contact information to the Advisor for follow up.
- The NRP Automated Rollover Process offers one process with multiple investment solutions for plan participants based on Advisor-directed segmentation strategy.
- Advisor establishes minimum asset balance thresholds and corresponding investment solutions.
Benefits to Advisor:
- Practice differentiation and increased revenue opportunities
- Ability to create customized segmentation strategy to optimize lead flow
- Access to a consolidated report of terminated employees for all plans utilizing Rollover Systems
Benefits to Plan Sponsor:
- Reduces overall plan cost and decreases potential liability
- Lower administrative expenses
- Increased "retirement readiness" value proposition for participants