Alcoa Offers Plan Participants Financial Engines' Investment Advice and Portfolio Management.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Financial Engines Helps 42,000 Alcoa Plan Participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. Manage Their 401(k) Assets Financial Engines, Inc. announced today that Alcoa will offer Financial Engines' investment advice and portfolio management to help its 42,000 plan participants manage their 401(k) plan assets. Alcoa's 401(k) retirement plan participants will benefit from investment advice, managed accounts and printed account statements, personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. to each participant. Alcoa, which has a $4 billion plan, selected Financial Engines for its independence and proven ability to serve large employers nationwide. "America's largest companies continue to choose Financial Engines' suite of services," said Jeff Maggioncalda, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Financial Engines. "Offering investment advice, portfolio management and paper statements gives plan participants the help they need to better plan for retirement." Like most large companies, Alcoa has a diverse workforce with different levels of investing expertise and advice delivery preferences. Offering a choice of portfolio management and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal was important in order to meet the different needs of Alcoa's participants. Beginning in October 2004, Alcoa's 42,000 plan participants will have access to Financial Engines' Personal Online Advisor service for specific savings and investment advice. Plan participants interested in delegating their investment decisions to a professional portfolio manager can enroll in Financial Engines' Personal Asset Manager program available in the first half of 2005. Also in 2005, Alcoa will mail a printed Personal Evaluations to each participant's home, giving them a practical view of the risks they are facing and suggesting changes to savings, diversification and company stock. Alcoa's interest in offering Financial Engines' investment advice and portfolio management services to participants mirrors that of other Financial Engines' clients. A recent client survey(1) found the top three objectives for offering these services were: --setting appropriate retirement expectations -- 84% --improving diversification within company-sponsored plans -- 69% --fiduciary risk management -- 63% About Financial Engines Financial Engines is a new breed of investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and providing personalized investment advice and portfolio management to 401(k) participants. Founded by Nobel Prize-winning economist, William F. Sharpe, Financial Engines serves the individual retirement goals of millions of employees at many of America's largest corporations. Patented advice technology and institutional-quality investment methodology allow Financial Engines to offer an array of advisory services to meet the needs of all investors. For more information, please visit www.financialengines.com. Financial Engines(R) is a registered trademark of Financial Engines. All other trademarks and service marks are the property of their respective owners. All advisory services are provided by Financial Engines Advisors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a federally registered investment adviser. (1) 2004 Financial Engines Client Survey conducted and analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. by TNS TNS transcutaneous neural stimulation. Intersearch. The survey was sent to 149 plan sponsor clients with more than 1,000 participants. The results are based on a 34% response rate. |
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