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Pittsburgh tech company makes 401(k) data free and open to all
A company co-founded by Raul Valdes-Perez called Vivisimo introduced IBM to Pittsburgh’s booming tech scene when the corporate giant took over the Squirrel Hill-based operation in 2012.
Now, Mr. Valdes-Perez is looking to make waves in the 401(k) industry.
More than two decades after the idea came up during a party conversation, the computer scientist has launched a search engine called Benchmine that allows users to do comparative analysis on more than 54,000 company 401(k) retirement plans.
The online tool provides free and public access to data that all companies offering 401(k)s to their employees are required to report annually to the U.S. Department of Labor.
Users can see how their own 401(k) balances and annual contributions stack up with the average balances of workers in their particular company or make comparisons with the average balances of workers at any other company nationwide.
Now, Mr. Valdes-Perez is looking to make waves in the 401(k) industry.
More than two decades after the idea came up during a party conversation, the computer scientist has launched a search engine called Benchmine that allows users to do comparative analysis on more than 54,000 company 401(k) retirement plans.
The online tool provides free and public access to data that all companies offering 401(k)s to their employees are required to report annually to the U.S. Department of Labor.
Users can see how their own 401(k) balances and annual contributions stack up with the average balances of workers in their particular company or make comparisons with the average balances of workers at any other company nationwide.
- more at link -
Have you ever wondered how your company's 401K retirement plan stacks up against other companies in your industry? A lot of Americans have, and we've never had a way to know until now. A free tool called Benchmine makes the data available to everyone. I wish this tool had been around when I decided to retire in 2017.
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