Diversified Changes Participant Report

A Diversified news release said the report helps participants better assess their total financial situation and make decisions about saving and investing for their retirement goals.

“It encourages participants to assess where they are in the retirement saving and investing process and identifies specific actions that can help close the gap between where they are today and where they need to be for a fully-funded retirement,” said Patricia Advaney, senior vice president, participant solutions at Diversified.

In addition to the report, the same information is also featured on Diversified Direct Online, Diversified’s participant Web site. Participants can update their outlook by revising or adding new information regarding other income sources and retirement plans, assets and expenses, the company said.

Data from each plan participant’s OnTrack report is now rolled up into a detailed analysis for plan sponsors as part of their Retirement Plan Review (see “Diversified Releases Plan Review Document“).

This aggregated information helps sponsors derive a clearer picture of how their employees are progressing toward their financial retirement goals, and identifies those participants with the greatest need for assistance in meeting their goals, the announcement said.