RolloverSystems, a provider of automated services for the rollover processing of retirement plans such as 401Ks, has received a patent for its platform technology.
The patent covers account management systems and methods.
“This patent signifies that automated rollovers are here to stay,” said Reginald Bowser, chief executive officer of RolloverSystems. “It’s an innovation in the way Americans manage and control their financial futures, and it’s an innovation in the ease in which these complicated transactions can be executed.”
RolloverSystems has automated a manual process that could take weeks to complete.
