Schwab Corporate Services is making its rate-of-return analysis tool available to Third Party Administrators (TPAs) and their plan sponsor clients who use the Schwab Retirement Technologies Web application. The tool provides retirement plan participants with easy-to-read charts and graphs detailing the investment performance of their entire account portfolio, as well as each investment in the account.
A joint enterprise between Schwab Retirement Technologies and dailyVest, a third-party software development firm, the rate-of-return analysis tool has also been available to Schwab Corporate Services’ bundled retirement plan clients since 2003.
“This tool will enable TPAs to provide clients with highly personalized rate-of-return information in a format that is easy to navigate and understand,” said Mark Coffrini, senior vice president of Schwab Corporate Services. “Retirement plan participants are looking for new and better ways to manage their investments, and we anticipate that the addition of this technology to the Schwab Retirement Technologies Web application will be extremely well received by our TPAs’ clients.”
The rate-of-return tool offers a variety of views for the participant’s total positions and individual investments over selected time periods. The key information is depicted both as a table and a bar chart.
Some of the other key features of the rate-of-return tool include the Net Investment vs. Market Value chart that illustrates investment performance over time and the corresponding market value fluctuations of those investments. The Cumulative Returns chart reflects performance for the participant’s total positions, a portfolio or a specific investment, and the Account Activity Summary table displays the beginning market value, changes in market value grouped within activity types, and the ending market value of the account.