Each month, Bells & Whistles highlights recent product introductions
that plan sponsors may find of interest. More information about these
announcements can be found on www.plansponsor.com. If you have a product
announcement that you believe would be of interest to our readers, drop us a
line at firstname.lastname@example.org.
|Illustration by Sam Vanallemeersch|
The Web-based Retirement Service Center from Insperity Inc.
uses PlanServe’s Relevant Portal Web platform. Now updated, the service center
gives plan participants control of their accounts with step-by-step guides for
online enrollment, distributions, account alerts, loan modeling and investment
AXA Equitable has compiled a suite of mobile retirement
planning applications, tools and online resources. Included in the offering are
virtual retirement consultations with financial professionals; retirement
income calculators for BlackBerry and iPhone users; the SSA Social Security
Benefits Calculator; and retirement shortfall calculators.
An Apple iPhone and iPad app launched by Diversified enables
plan participants to view multiple aspects of their retirement portfolio. The
viewable items include account balance, retirement outlook, statement and
transaction history, personal rate of return, and estimated retirement income
and savings goal. Plan participants with Diversified accounts can download the
free app via the Apple App Store.
New York Life Retirement Plan Services created a new website
for plan sponsors and advisers. Newyorkliferetirementplans.com offers an
enhanced platform featuring thought leadership, corporate background and
product and capability information. Now serving as the main marketing portal
for New York Life Retirement Plan Services, the website will launch the firm’s
social media strategy, which is currently in development.
The online program “RENEW Your Commitment to Retirement
Planning” was introduced by Transamerica Retirement Services to help plan
participants re-energize their commitment to saving for retirement and keep
their retirement strategy on track over the long term. The program also
encourages participants to review their goals, create a successful plan, know
their risk tolerance and monitor their accounts.
Alerus Retirement Solutions, a division of Alerus Financial,
introduced a mobile app for plan participants. Available for both iPhone and
Android devices, the app allows participants to receive fast and secure inquiry
access to their Plan Gateway account information. They can also view account
activity, current balance by investment and source, rate of return and recent
contribution information. The app sends personalized alerts about account
events regarding contributions, loans and market changes.
Prudential Financial produced a white paper addressing
Americans’ challenges to achieving their retirement objectives. “Achieving
Retirement Security in an Age of Uncertainty: Three Important Steps” outlines
specific actions for increasing retirement security.