Analytics Service Affiliated Computer Services Inc. (NYSE: ACS) has introduced Healthy 401(k) Plan Analytics, a comprehensive software tool that enables plan sponsors to evaluate the health of their organization’s 401(k) plan and their employees’ retirement readiness by tracking and analyzing participant behavior and trends.
ACS’ Healthy 401(k) Plan Analytics is a new service addition to its defined contribution management solution, which addresses the complex plan challenges HR managers face, from cost to quality to operational to employee engagement. The tool is easy to use, offering access to 401(k) data and infinite reporting possibilities, enabling ACS and its clients to readily draw conclusions about company plans and participants.
The service enables plan 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. This enables HR managers to analyze trends and determine the retirement readiness of their participants, and address participant groups accordingly.
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.