A news release from the Purchase, New York-based plan provider said that because of the upgrades to its Diversified Direct Online site, participants can enter information such as salary scale, retirement age, and optional annuity forms to find out their benefits.
According to the news release, among the enhancements are :
- The site provides information on the relative value and financial effect of various annuity options.
- Information resources such as a summary plan description, benefits statements and plan related forms that allow participants to initiate their benefit application online can all be found on the enhanced site.
- A resources tab provides access to a variety of
educational materials, videos and retirement planning
“The retirement planning industry has
automated many processes associated with defined
contribution plans but historically has not automated
processes to the same extent on behalf of its DB
plans,” explained Patrick Kendall, vice president
and national practice leader of defined benefit and
401(k) markets at Diversified, in the announcement.
“Just like many familiar technological features
available to DC plan participants, the improved
functionality and greater disclosure now available on our
DB site are intended to help all participants plan,
invest and make more informed decisions for their
More information is at www.divinvest.com .