DWS Scudder Launches Tool to Monitor Plan Effectiveness

DWS Scudder has launched a proprietary analytical tool to assist plan sponsors and financial advisers in evaluating a defined contribution plan’s competitiveness and help address fiduciary responsibilities.

Using a multi-step methodology, ClientScope provides a current plan snapshot and offers proactive solutions to help ensure plan sponsors and financial advisers are administering a plan in a way that provides the most benefit for participants, the company said.

A dedicated relationship manager examines a plan’s effectiveness annually in four categories (investments, administrative services, Employee Retirement Income Security Act (ERISA)/compliance, and communication & education) and provides a personalized report of the plan’s overall offering within each category and proactive recommendations for potential enhancements.

“By providing proactive and personalized action steps for plan enhancements, ClientScope will help sponsors offer a retirement plan benefit that strives to provide participants with successful retireability in the 21st century,” said Roger Gray, Head of Relationship Management for DWS Scudder Retirement Services, in the company announcement.

For more information, visit www.dws-scudder.com.