Is there any 401k rollover service?

Is there any service that helps clients rollover their 401k's to IRA on their behalf? A lot of people don't want to do it themselves.

Penchecks may be one. 

I am not sure I understand the question.   Millennium Trust will set up the IRAs for a plan.   You get an agreement and all that has to happen is you send a spreadsheet in their format and wire the money.   The IRAs get set up.   A lot of our clients use it for their lost participants. 

Plenty of banks would be falling over themselves to get more of their clients' money. If the participant brings the rollover request form into the local branch of their regular retail bank I'm sure they could find someone to help them fill out the paperwork.

They may be able to get the money to an IRA without effort, but likely uninvested. Banks won't invest unless the account holder completes something.

@ESOP Guy sorry I was not clear. What I mean is a lot of individual participants (not necessarily missing participants) already have their own IRA's, but they are too lazy to start the 401k rollover themselves since they have to call and fill in a lot of information. Is there any service to initiate their rollover on their behalf?

@401king Thanks for the reply! How do they get the money to IRA without effort?

@C. B. Zeller so if someone wants to rollover their 401k with Fidelity to a vanguard IRA. Are you saying they can bring a rollover request form to a vanguard branch?

12 minutes ago, Shuo said:

@ESOP Guy sorry I was not clear. What I mean is a lot of individual participants (not necessarily missing participants) already have their own IRA's, but they are too lazy to start the 401k rollover themselves since they have to call and fill in a lot of information. Is there any service to initiate their rollover on their behalf?

Allow me to clarify while most of my clients use MT for just their lost participants I don't believe it is limited to that.   So what I describe would be a work free method for such people (who I don't understand as I care about my money more that what you seem to describe.  But I digress).

All it takes to get a person into an IRA at MT is whoever does the distributions get a spreadsheet to MT and wire the money.   After that MT sets up the IRA.  The person can go online and see their IRA after it is all.  It kind of sounds like what you want. 

18 minutes ago, Shuo said:

@401king Thanks for the reply! How do they get the money to IRA without effort?

Using one of the services that some here have suggested. 

@ESOP Guy so if I have some 401k with fidelity and I want to roll over it to an IRA. In this case, does fidelity need to get a spreadsheet to MT? If so, how do I get fidelity to do that?

33 minutes ago, Shuo said:

@C. B. Zeller so if someone wants to rollover their 401k with Fidelity to a vanguard IRA. Are you saying they can bring a rollover request form to a vanguard branch?

Well, I don't think Vanguard has branches, but I'm sure the participant could call Vanguard's customer service line and get someone to help them with the paperwork.

2 hours ago, Shuo said:

@ESOP Guy so if I have some 401k with fidelity and I want to roll over it to an IRA. In this case, does fidelity need to get a spreadsheet to MT? If so, how do I get fidelity to do that?

Well I have to admit I am a TPA.   So we are the one's that prepare for our client the distribution directions after we get the forms back from the participants.   So we set up the spreadsheet.   So I would assume (and I am assuming) if Fidelity is your recordkeeper and they set up the payment directions you would have to see if they are willing to do it?  

If Fidelity holds the 401(k) money don't they offer simple IRA rollover to a Fidelity options?