Schwab Corporate Services, a unit of Charles Schwab & Co. Inc., announced Tuesday that it is making its rate-of-return analysis tool available to third-party administrators and their plan sponsor clients who use the Schwab Retirement Technologies Web application.
The tool gives retirement plan participants easy-to-read charts and graphs detailing the investment performance of their portfolio as well as of 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.
Schwab Corporate Services supplies services to retirement plans, plan sponsors, and participants. Client assets in employer-sponsored retirement plans at Schwab totaled $133 billion at June 30.
