Products December 15, 2010

Mid Atlantic Trust Company Announces IRA Solution

Mid Atlantic Trust Company (MATC) teamed up with Inspira to create an IRA capture solution that enables clients to enter the automatic and voluntary rollover business quickly.
Reported by

With Total IRA Plus, plan participants looking to roll over retirement accounts have a choice of screened investment options, and are also given asset allocation tools to help them choose the portfolio that best suits their needs. Participants that are automatically rolled into Total IRA Plus are encouraged to diversify their investments beyond the initial Safe Harbor investment, according to a press release.   

New IRA account-holders also have 24/7 access to account information via the internet and a toll-free number, as well as access to skilled IRA customer service representatives seven days a week.  

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“Many of our qualified plan recordkeepers understand that the IRA plays a major role in retirement savings and that they are constantly losing accounts and revenue from qualified plans to IRA rollovers. However, many of those clients are not in a position where they can offer a compliant solution that doesn’t involve essentially transferring assets to a competitor,” said Tim Friday, Group CEO of Mid Atlantic Capital Group and officer of MATC. “With this solution, recordkeepers get paid each year for every IRA account maintained by Mid Atlantic and Inspira, two entities that do not compete with them, but simply provide outsourced services which help their clientele attract, grow, and maintain assets.”
Deals & People December 15, 2010

Multnomah Group Adds Senior Consultant

Gina Gurgiolo is the newest Senior Consultant at the Multnomah Group.
Reported by

Gurgiolo will lead the Multnomah Group’s technical services department and will provide direct consulting to Multnomah Group clients.  

According to the announcement, Gurgiolo joins the Multnomah Group from The Standard where she served as Retirement Plans Product Manager and in various retirement plan administration management capacities.  Prior to The Standard, she managed compliance and regulatory policy functions at Great-West Retirement Services.    

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Gurgiolo has 12 years of retirement plans experience, including particular emphasis in the tax-exempt and governmental sectors.  She earned her undergraduate degree from Washington & Jefferson College, her JD from the University of Pittsburgh School of Law, and her LL.M in taxation from the University of Denver College of Law. 

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