BenefitsCorp Unveils Personalized Web Page for Defined Contribution Plan Participants.Business Editors GREENWOOD Greenwood. 1 City (1990 pop. 26,265), Johnson co., central Ind.; settled 1822, inc. as a city 1960. A residential suburb of Indianapolis, Greenwood is in a retail shopping area. Manufactures include motor vehicle parts and metal products. VILLAGE, Colo.--(BUSINESS WIRE)--Aug. 30, 2002 BenefitsCorp, Inc., the defined contribution plan Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan and retirement services provider of the Great-West family of companies, today announced the launch of yet another Web site enhancement -- personalized home pages See personal portal. created by the participant. BenefitsCorp is one of the first defined contribution providers to develop and implement this Web page offering for plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. . "We are constantly surveying our participants to determine what is at the forefront of their minds and what they would most like to see from us in terms of technology," said Charlie Nelson, president of BenefitsCorp. "We developed this feature to provide participants with a one-stop one-stop adj. Relating to or providing a comprehensive selection of goods or services at a single location: one-stop shopping; a one-stop health-care center. Web page that allows them to more conveniently manage their account." The next time a BenefitsCorp plan participant logs on to the Web site, they will be given the option of personalizing their page at that moment or at another time in the future. Participants are able to change the appearance of their home page at any time by simply selecting any, or all, of the following options they would like to incorporate on their 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. account page: -- My name and plan name -- Current account balance -- Balance by investment option chart -- Balance by pie chart -- Most recent contribution -- Pending transfer notification -- One month individual rate of return Prior to the rollout of this new home page feature, BenefitsCorp user studies resulted in the company enhancing the Web site in the fourth quarter of 2001 by making participant account balances available on the home page. However, with the subsequent release of account balance pie charts A graphical representation of information in which each unit of data is represented as a pie-shaped piece of a circle. See business graphics. , the company quickly found that participants increasingly viewed the pie chart page. Thus, the newly personalized BenefitsCorp home page was developed to give the option to participants of viewing all the information contained in the account balance page in one stop. Now, participants who like to view their breakdown of balance by investment option in both a chart and graphical presentation can do so without any additional clicks. Also, concurrent At the same time. It implies that multiple processes are taking place simultaneously. See concurrent operation. with the release of personalized home pages, BenefitsCorp will be moving to a two-column home page. This was the result of polling both plan sponsors and plan participants, who voiced their desire for a fresh looking design and the ability to have more information displayed without having to vertically scroll To continuously move forward, backward or sideways through the text and images on screen or within a window. Scrolling implies continuous and smooth movement, a line, character or pixel at a time, as if the data were on a paper scroll being rolled behind the screen. See auto scroll. . Another new added feature builds on the one-month individual rate of return available on the participant's personalized home page. BenefitsCorp now allows participants to view their individual rate of return for any two dates within the past eighteen months. The development of the BenefitsCorp personalized account page is one of the first in the defined contribution plan market and effectively provides BenefitsCorp's participants with something few providers have done to date -- a "home" page for their account information. "This is just the beginning," Nelson said. "At BenefitsCorp we take a great deal of pride in the fact that we are among our market's leaders in technology and we aim to keep that edge." BenefitsCorp believes that this enhanced Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the functionality will help participants more effectively manage their accounts online and engage in their retirement plan. By developing and offering the new personalized account page that is user friendly, BenefitsCorp is taking the steps essential to allow plan participants to fully leverage the power and convenience of the Internet. BenefitsCorp has already begun designing its next major Web site enhancement, Comparative Individual Rate of Return. In addition to providing participants with a general approximation approximation /ap·prox·i·ma·tion/ (ah-prok?si-ma´shun) 1. the act or process of bringing into proximity or apposition. 2. a numerical value of limited accuracy. of the overall recent performance of their account, the Web site will provide a tool for participants to compare their performance to others with similar investment objectives. BenefitsCorp, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Great-West family of companies, is an industry leader providing investment, enrollment and communications services to defined contribution retirement plans in the government, healthcare and education markets. The company is the number one provider of services to the state government defined contribution market and the second-largest provider in the city/county market. Note to Editors: Screen capture image available on request. |
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