Rollover Provider Wealth Management Systems Inc. Announces Roth Mandatory IRA Rollover Capabilities

Bedminster, NJ - 31 October 2006

Industry Leader Expands Rollover Offerings

Wealth Management Systems Inc. (WMSI), the leading provider of technology-based rollover products and services, announced it has upgraded its mandatory rollover program to support rollovers from a Roth 401k to an individual Roth IRA account. Firms utilizing its Mandatory Rollover Services can now provide these new services.

Jude Metcalfe, WMSI CEO, stated "This extension of our product is a natural addition to our Rollover Product. Many service providers offering Roth options now have low balance accounts left by participants who departed the plan. We can make it simple for plan fiduciaries to satisfy the Department of Labor's Safe Harbor regulations."

WMSI, which has been processing mandatory rollovers for a little more than a year, also released the following inception-to-date statistics on the program:

- The average mandatory rollover has been $3,300.
- 85% of the mandatory rollovers are still with the provider that received the assets.
- 16% of the accounts opened via WMSI's mandatory rollover processing were ultimately activated by the participant.

WMSI has the technology applications in place to process participant data and automate an IRA account opening with mandatory IRA rollover provider partners. Within the program, WMSI acts as the program administrator and facilitates the electronic exchange of participant data between plan administrators and the selected IRA provider.

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