“We wanted to offer our clients an easy-to-use, thoughtful way to look at defined contribution plans that would objectively assess plan health while helping document fiduciary responsibilities,” Luchinsky said.
KANSAS CITY, Mo. (PRWEB) November 19, 2013
American Century Investments announced the launch of a new tool aimed at helping retirement plan advisors and sponsors assess plan effectiveness for better participant outcomes.
Plan Health ProSM is an online resource designed to help determine overall retirement plan health. Using a series of questions and answers, the plan is evaluated for plan health, retirement readiness and due diligence.
The tool was created to underscore American Century’s commitment to the defined contribution plan space, according to Rick Luchinsky, senior vice president and head of the firm’s defined contribution investment-only (DCIO) business.
“We wanted to offer our clients an easy-to-use, thoughtful way to look at defined contribution plans that would objectively assess plan health while helping document fiduciary responsibilities,” Luchinsky said. “Plan Health Pro is just one of the ways we try to provide advisors and plan sponsors with services that help participants achieve the retirement they envision.”
The tool takes into consideration aspects such as plan objectives, plan design, participant communications and investments. Once the plan sponsor or advisor completes the questionnaire, the result is a personalized report, including a green, yellow, and red scorecard on a plan's effectiveness and suggested areas of improvement. The report may serve as historical documentation of a plan’s progress to helping participants achieve retirement readiness.
To try a demo of the Plan Health Pro tool, click on this link: http://www.planhealthpro.com. Enter advisor(at)americancentury(dot)com (email), then sample (password).
American Century‘s DCIO assets under management total $33.5 billion as of September 30, 2013.
For more information about Plan Health Pro, call American Century Investments at 800-345-6488 or visit http://www.americancentury.com/ipro.
American Century Investments is a leading privately held investment management firm, committed to delivering superior investment performance and building long-term client relationships since 1958. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts. The company's 1,300 employees serve clients from offices in New York; London; Hong Kong; Mountain View, Calif. and Kansas City, Mo. James E. Stowers Jr. is founder of the company and Jonathan S. Thomas is president and chief executive officer. Through its ownership structure, more than 40 percent of American Century Investments' profits support research to help find cures for genetically-based diseases including cancer, diabetes and dementia. For more information, visit http://www.americancentury.com.
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