US. Empower Retirement Releases Real-Time Plan Design Platform
Empower Retirement has released its PlanVisualizer technology offering, a Monte Carlo-based simulator that allows 401k advisors to modify key variables in plan design to illustrate their effects in real time.
Available through the broader retirement advisor market, PlanVisualizer provides plan sponsors “with a multi-dimensional, holistic view of their retirement plan in its current state, along with the ability to model how changes to key design elements can potentially affect participant preparedness.”
It’s particularly timely, according to Peter Kapinos, head of advisor, sponsor and investment marketing with the company. Advisors are currently dealing with retirement income issues, match formula changes as a result of the recent tax cuts, and “the need to demonstrate innovation in a relatively mature 401k industry. We’ve introduced PlanVisualizer to try to bring all those things to an advisor.”
Read More: 401K Specialist
