Insperity Inc., a provider of human resources and business performance solutions, has launched a retirement planning application for iOS and, soon, Android devices. The free app from Insperity Retirement Services provides quick, secure access to an array of 401(k) account information.
Insperity says plan participants can use the app to review their 401(k) balances, recent contributions and current rates of return. Users also can check on contribution rates and investment allocations, verify loan balances and stay informed through plan news and alerts.
The app is the culmination of a two-year project to redesign and expand the Retirement Service Center, says Insperity, allowing plan sponsors and participants capabilities to manage their 401(k) online. Through the Retirement Service Center, employees can enroll, change contribution rates and investment elections, add beneficiaries, take out a loan or make a withdrawal without having to submit paper forms. Plan sponsors, likewise, have access to detailed plan activity, on-demand reports and copies of plan documents.
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