RISING TECHNOLOGY EXPECATIONS AND RETIREMENT SECURITY CONCERNS DRIVE PLAN SPONSORS AND PARTICIPANTS TO DEFINED CONTRIBUTION SITES
kasina releases study of Top 5 Defined Contribution Participant and Sponsor Websites
New York, (April 6, 2010) — In its third DC Top 5 Plan Participant and Sponsor Web Sites report, kasina found that record-keepers have improved ease of use, offered better online educational and compliance support, and action-oriented tools to help plan participants and sponsors. The Top 5 participant sites help users enroll online, learn about and choose suitable options, and manage their accounts using interactive tools and rich educational material. On the sponsor front, top firms help ease the administrative and compliance burdens of record-keeping and provide top-flight analytics to help asset managers drive increased participation and contributions.
“The expectations of plan participants to manage their retirement accounts online have risen with their increased dependence on the Internet and mobile devices for shopping, communication and work,” says Mike Ma, Principal at kasina. “Action-oriented tools and information delivered with intuitive navigation and thoughtful functionality needs to be paramount for asset managers. Sponsors require comprehensive analytical tools, automated enrollment and contribution functionality and compliance support. Leading plan providers have made enormous investments to improve their sites for sponsors and participants.”
kasina identified the five best DC Web sites for plan participants and sponsors using a three-tier methodology that objectively measures Availability of Content, Quality of Content, and User Experience.
The tables below details the Top 5 firms ranked by kasina for plan participants and plan sponsors:
For more information on the full report, 2010 Top 5 DC Plan Participant and Sponsor Websites visit www.kasina.com.
kasina’s commitment to innovating distribution in the financial services industry has made it one of the most influential strategy consulting firms in its sector. kasina works with a wide variety of clients from five continents, including firms representing 90% of the U.S.’s total assets under management. An overview of services offered by kasina is available at www.kasina.com.