We are pleased to announce enhancements to the Annual Review and Benchmarking Report designed for retirement plan advisors to encourage better participant outcomes. The enhanced Report is now available through the PCS Reporting and Benchmarking Center. To check out the latest updates, simply login to the PCS advisor portal and click the “Reporting and Benchmarking Center” link on the right-hand side of the page. Reports are available On-Demand under the Plan Reporting tab.
New to the Reporting and Benchmarking Center? Click here for a guide to using the site. If you have any questions, please contact our advisor services team.
Here’s a summary of what’s been added to our Annual Review Report:
New analysis illustrating the impact that increasing contributions today will have on the average participant account balance at retirement
Compare your participants’ contribution amounts with their Industry and Peer Group averages
See the percentage of participants in each age group on track to replace 70% or more of their current income in retirement
Identify historical trends in the plan’s asset allocation and review the current asset allocation decisions of each age group in the plan
For a full review of the release notes, click here