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Stockpoint and PricewaterhouseCoopers Collaborate to Develop Customized 401(k) Tracking Applications

Strategic Insights

— 1 min read

PricewaterhouseCoopers, the world's largest professional services firm, has partnered with Stockpoint, a leading provider of financial information and market analysis tools, to build customized 401(k) tracking applications for the firm's extensive client base. This partnership enables PricewaterhouseCoopers' clients to offer their employees automated fund performance and profile information via a corporate intranet or the Internet. The 401(k) tracking application allows employees to access up-to-date performance information for individual funds within their defined contribution plans, reducing costs associated with traditional delivery methods.

Key Takeaways:

  • Stockpoint will develop customized 401(k) tracking applications for PricewaterhouseCoopers' clients, providing automated fund performance and profile information.
  • The application will enable employees to access up-to-date performance information for individual funds within their defined contribution plans.
  • More than half of the Fortune 500 companies, including BASF Corp., Eaton Corp., and PeopleSoft, are already using the 401(k) tracking application.
  • The application will reduce costs associated with traditional delivery methods of fund performance information.
  • Employees can access data such as year-to-date, one and three months, one, three, and five year returns, management objectives, dividend, sector distribution, portfolio composition, and top ten holdings by fund.
  • The data will be integrated into each participant's own personal data as well as a complete history of all account activity.
  • PricewaterhouseCoopers has 144,000 professionals in 152 countries providing a range of business advisory services, including audit, accounting, and tax advice.
  • Stockpoint provides financial information and market analysis tools, including portfolio and stock screening features, to customers.

Statistics:

  • Over half of the Fortune 500 companies are PricewaterhouseCoopers' clients.
  • CASF Corp., Eaton Corp., and PeopleSoft are already using the 401(k) tracking application.
  • The application will provide employees with up-to-date performance information for individual funds within their defined contribution plans.
  • Employees can access data such as year-to-date, one and three months, one, three, and five year returns, management objectives, dividend, sector distribution, portfolio composition, and top ten holdings by fund.
  • PricewaterhouseCoopers has 144,000 professionals in 152 countries.

Sources:

  • Business Wire, July 20, 1998
  • www.pwcglobal.com
  • www.stockpoint.com
  • www.neural.com

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