Products September 2, 2003

Schwab Launches Personal Rate of Return Tool

September 2, 2003 (PLANSPONSOR.com) - Participants in a Charles Schwab Corporate Services' bundled defined contribution plan now have a personal rate of return tool at their disposal.
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The rate of return tools allows participants to view the performance of their retirement account investments and see their personalized return information.   This is done through charts and graphs of an account’s historical net investment versus its market value, and a daily updated look at current investment and asset allocation, according to a news release.

Utilizing this new component, participants can:

  • compute a cumulative return
  • calculate net return by total portfolio or by individual investment
  • illustrate the rate of return as a bar chart or as a table
  • customize data by selecting a particular time period.

The new tool was developed with third-party software provider dailyVest, Inc.  

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