ORLANDO, FL - February 16, 2004 - The Newport Group announced today that it has added new personal performance measurement and investment analysis tools-including a personal rate of return feature-to its website for retirement plan participants, plandestination.com. These state-of-the-art tools will enable participants to see how the investments they have selected are performing over time.
Through this secure site, plan participants already have a wide variety of features and options to effectively manage their retirement and deferred compensation accounts, including real-time account information, investment options, planning tools, investment performance data, and transaction capabilities. Now with the personal performance section added to the site, the hidden value in transaction data is unlocked to deliver new levels of personalized investment information.
"Delivering reliable personal rates of return on the web has been a challenge for many of the leading players in the industry," said Newport Chief Operating Officer Bryant Kirk. "Adding this capability to plandestination.com puts Newport at the forefront of companies offering online account management."
Key features added to the site include visual representations of an account's historical net investment (i.e., the amount the participant has actually invested) vs. market value, as well as a variety of ways to view and monitor personal rate of return-all updated daily. In addition, participants can move to the next level of detail and perform the same analysis for individual holdings-and do it over custom, user-defined time periods.
"At Newport, we're always looking for ways to give retirement and executive benefit plan participants the tools they need to put an effective personal strategy to work," said Bryant Kirk. "These days, participants want a thorough, clear picture of their accounts-not merely their account balances, but meaningful information such as personal performance, returns and asset allocation."
"With these new features," Kirk continued, "our participants have even greater ability to measure and track their progress online, and easily determine how their investments are performing."
These new features were created using a technology platform developed by dailyVest, Inc., a third-party software development firm specializing in financial services technology.
"We are honored to work with such a forward-thinking client as Newport, and to have the opportunity to help deliver such valuable information to their plan participants using our platform," said Peter McNellis, Executive Vice President of dailyVest. "Newport's strong commitment to keeping investors informed is impressive."
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