Eisner Retirement Solutions, a unit of regional CPA and business advisory firm Eisner, unveiled a free turnkey product to assist plan sponsors in complying with the Department of Labor's mandatory individual retirement account rollover requirements that were laid out in the Economic Growth and Tax Relief Act of 2001.

Under those provisions, plan sponsors must establish an IRA account for terminated participants that are forced out of the plan with balances greater than $1,000 and less than $5,000.

The solution, a joint partnership between ProNvest - a provider of investment education and money management services - and Wealth Management Systems Inc. - a technology concern that supports third-party administrators - creates the rollover transaction into an ERISA-compliant account.

ProNvest would receive the employee termination notification, document the balance and source of all the involved funds, and identify eligible accounts for rollover. ProNvest would then provide all of the information necessary to open the account, and WMSI will facilitate the transfer from the qualified plan to an appropriate safe harbor instrument.

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