MasteryPOINT: Online Education and Advice
MasteryPOINT Financial Technologies has participant online advice and educational tools that are integrated with Schwab RT’s own web product. Participants can use these tools to conduct internet-based inquiries and transactions.
Retirement Income Strategy (RIS)
- Provides income and wealth projections based on participant input
- Preloads plan and participant data from Schwab RT participant website
- Provides education on alternatives to reaching your retirement goals
- Generates a model asset allocation given the participant’s “investing style”
- Sends deferral change and investment election/realignment transactions back to the Schwab RT participant website
- Includes enhanced education section and calculators section
- Provides either guidance (asset class models) or advice (fund level models)
- Certified by DALBAR to meet the requirements of an ERISA 408(g) Computer Advice Model
- Preloads plan and participant data from Schwab RT participant website
- Generates optimized portfolios using the available plan investments
- Uses Monte Carlo simulation to generate wealth and income projections for current and suggested portfolios
- Generates a “model scenario” for helping participants reach their goals with a confidence level that the scenario will achieve the retirement goal
- Allows participants to execute “what if” analysis to fine-tune your strategy
- Sends deferral change and investment election/realignment transactions back to the Schwab RT participant website
- Includes enhanced education section and calculators section
To utilize these tools, a license with MasteryPOINT is required. To learn more about these offerings, visit these websites: www.dstsystems.com and www.ssctech.com.