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Products August 17, 2009
ACS Unveils 401(k) Analytic Tool
August 12, 2009 (PLANSPONSOR.com) - Affiliated
Computer Services (ACS) has introduced Healthy 401(k) Plan
Analytics, a software tool allowing sponsors to track and
analyze participant behavior and trends.
Reported by Fred Schneyer
An ACS news release said the new offering allows sponsors to view aggregate data, including participant rates of return, balance, investment elections and activity in all funds, by any participant subset such as location, division, or compensation level. According to ACS, the participant group and plan level view allows sponsors to better determine the retirement readiness of various employee groups.
In addition, plan sponsors can analyze the rates of return of various plan investments for multiple time periods, allowing them to determine the percentage of the plan invested in those funds and how they compare to benchmarks.
“In today’s economic environment, plan sponsors are concerned about the overall health of their plans and want to ensure their participants have the opportunity to retire more comfortably,” said Rohail Khan, executive managing director of the ACS Total Benefits Outsourcing business, in the announcement. “This new innovation is in line with our commitment to drive analytical insights that help our clients generate outcomes aligned to their overall people strategies.”
More information is available at www.acs-inc.com .