Broadridge Offers Plan Benchmarking Service

Broadridge Financial Solutions reached an agreement with Pension Data Resources, Inc., to provide clients with plan assessment and benchmarking capabilities based on compiled Form 5500 data.

Broadridge says the new offering, called Retirement Advisor Intelligence, will be one of the first products in the industry to link investment activities with detailed plan and adviser information. The firm says the combination of services offered by Access Data, a Broadridge subsidiary that provides analytics and data services to recordkeepers and mutual fund firms, and Pension Data Resources will provide clients with a comprehensive view of the defined contribution (DC) marketplace.

In addition, Access Data’s clients will have direct access to proprietary research through Pension Data Resource’s online PensionPlanet portal, which features the Navigator Asset & Investment Fund Database. Broadridge says clients will be able to use the database to drill down into comprehensive investment position analysis and compare the results against some 90,000 qualified plans.

The firm says the tool will also contribute to improving transparency in the industry among recordkeepers and mutual fund firms.

Frank Polefrone, a senior vice president for Access Data, says that, by combining the plan data and research tools provided by PensionPlanet with his firm’s defined contribution investment-only (DCIO) services, Broadridge can better support advisers specializing in the retirement business. The synergy also provides important practice information about the retirement business that specialist advisers conduct, says Polefrone.

More information is available at