NTRC and Financial Engines have developed a system that allows participants to integrate a defined benefit plan estimate, calculated by NTRC, based on their:
- income growth rate
- retirement age
- and benefit start age
While Financial Engines already considers the entire household portfolio when making investment recommendations, integrating defined benefit data adds another component to helping employees get a realistic picture of the likelihood of reaching their financial goals.
This new application was initially rolled out to Motorola plan participants early in October