View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
August 16, 2009

ACS adds new service to defined contribution management product

Promises to address the plan challenges HR managers face, from cost to quality to operational to employee engagement

By CBR Staff Writer

Affiliated Computer Services introduces Healthy 401(k) Plan Analytics, a comprehensive software tool that allows plan sponsors to evaluate the health of their organisation’s 401(k) plan and their employees’ retirement readiness by tracking and analysing participant behaviour and trends.

The company claimed that Healthy 401(k) Plan Analytics is a new service addition to its defined contribution management product, which addresses the plan challenges HR managers face, from cost to quality to operational to employee engagement. The tool offers access to 401(k) data and reporting possibilities, enabling the company and its clients to draw conclusions about company plans and participants.

Rohail Khan, executive managing director of the total benefits outsourcing business at ACS, said: Our new analytics service is an extension of our commitment to provide innovative defined contribution/401(k) management. 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. 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.

The new offering reportedly enables plan sponsors to view aggregate data, including participant rates of return, balance, investment elections and activity in all funds, by any participant sub-set such as location, division or compensation level. This participant group and plan level view allows HR managers to analyse trends and determine the retirement readiness of their participants, and address participant groups accordingly.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

In addition, plan sponsors can analyse 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.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.