RolloverSystems, Inc. says Unisys Corp will provide systems integration and other services to support delivery of its technology-based 401(k) products and services to financial institutions and channel partners.
Unisys will provide hosting services and ongoing maintenance for RolloverSystems’ licensed software applications, which offer a fast, convenient, and financially savvy way for job changers to roll over retirement savings from a former employer’s 401(k)plan to an Individual Retirement Account (IRA).
Unisys, based in Blue Bell, Pa., processes half of the world’s checks and serves 22 of the top 25 global banks. The technology services company has expertise in systems integration, outsourcing, infrastructure, server technology and consulting.
RolloverSystems’ technology allows 401(k) plan participants to select the most suitable retirement savings vehicle from among competing financial institutions or, in the case of private-label applications, from among a single financial institution’s family of investment products. The software was developed using Microsoft.NET technology.
The Charlotte-based company’s first product, RolloverMarket, is available to consumers on its Web site.
Financial institutions offering IRAs through the RolloverSystems Network include J.P. Morgan Chase & Co., TDWaterhouse Investor Services, and Harrisdirect.