Products August 17, 2009

BPAS Introduces Plan Benchmarking Report

BPAS said its new benchmarking tool helps financial intermediaries prepare for annual plan meetings.

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BPAS, provider of retirement plan administration, recently rolled out its Annual Plan Review Report to plan sponsor clients.

According to a press release, the Annual Plan Review Report provides a detailed examination a plan’s data, including topics such as average balances, participation rates, fund utilization, participants invested in the default fund, average balances by age and compensation groups, loan utilization, and other considerations.

The report benchmarks the plan against industry and BPAS averages and aids financial intermediaries in preparing for the annual plan update meeting with plan sponsors, the company said.

For more information, contact Paul Neveu at 603.580.5522 or pneveu@bpas.com, or Bob Malczyk at 315.292.6908 or bmalczyk@bpas.com.

Products August 17, 2009

ACS Unveils 401(k) Analytic Tool

Affiliated Computer Services (ACS) has introduced Healthy 401(k) Plan Analytics, a software tool allowing sponsors to track and analyze participant behavior and trends.

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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 release. “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.

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