Millennium Trust Company Review IRA Rollover Custodian Account
One of the worse things that you can have happen with your money that you have invested in an IRA or 401k is to have your previous employer no longer offer to manage or support the investment, and elect to transfer the funds to a custodian like Millennium, the fees abound, from paper statement fees, to closing of the account fees, to other processing fees. You really have to watch out for these companies that make millions off fees, and make it difficult if not impossible to transfer and close your account, either ignoring requests and applications to transfer the funds out of their company.
As a matter of fact Millennium has over $1 billion in funds. Read the story here from March 2013.
My personal experience with Millennium has difficult at best, and when I received the statement when I closed the account, there was fees for closing the account, for issue a check, for sending me a paper statement, who knows what other fees are hidden in the business practices of Millennium, your investment could dwindle away with fees if you are not watchful, you are better off putting the money in a regular savings account. Or you can do what I did and transfer your a better investment vehicle with Lending Club IRA offerings.
You read the reviews on Yelp on this company and even though they are not high in numbers the rankings are as low as possible.
Millennium Trust Company Yelp Reviews