Vanguard just launched a new interactive Retirement Plan Comparison Tool, powered by Vanguard’s How America Saves data.
It allows users to instantly benchmark their own plan metrics against Vanguard’s nearly 2,000 recordkept plans—and identify opportunities for changes and improvements.
According to Vanguard, the tool allows plan sponsors to:
- Make more effective plan decisions as they interact and manipulate industry and plan data to create insightful comparisons;
- View the retirement savings behavior of more than four million Vanguard-recordkept plan participants to track historical trends and benchmark their employee benefits; and
- Build and analyze customized reports that they can share or present to others in their organization.