February 24, 2014 (Washington, DC) – FreeERISA, the online 5500 database of choice for leading retirement and benefits professionals, is proud to announce the release of its newly redesigned plan dashboard and research tools. The improvements make it easy to locate and understand plan data, enabling visitors to find what they need more quickly.
“Each year, over 750,000 companies file a Form 5500. Finding the right benefit or retirement plan can be a real challenge that involves a lot of time and expertise. With this first step in our planned redesign, FreeERISA now highlights the most important plan facts in a graphical and easily understood dashboard. We calculate critical plan figures, red flags and more so that our community of advisors can spend less time sifting through data and more time pursuing sales,” says Eric Ryles, Managing Director of Employee Benefits Data Products. “No other free 5500 database provides a better mix of search and analytical tools for the benefits and retirement industries.”
New 401k/Retirement and Employee Benefits Plan Research Tools and Data:
- The new FreeERISA features key plan facts and figures from the Form 5500 in a clean, graphical display. Visitors can now easily determine if a plan is a viable prospect without needing to first look through dense government documents.
- Information about plan strength indicators from Judy Diamond Associates’ premium lead generation and plan research tool, Retirement Plan Prospector, is also integrated into the new FreeERISA plan dashboard. This includes general information about the plan’s score and its number of red flags, both of which point to the quality of a plan’s performance and structure. For the actual plan score and a list of the red flags, users are invited to subscribe to Retirement Plan Prospector.
- Links to news stories that are relevant to an individual plan will now appear alongside its dashboard to provide users with greater insight into the state of a plan and its market conditions.
- Finally, the tools that made FreeERISA a widely known resource for 5500 data for more than fifteen years are still central to the database. These include a simple search system and the ability to view reproductions of each plan’s Form 5500.
In the coming months, FreeERISA will continue to make improvements to its website and to the 5500-related news content throughout benefitspro.com to better serve the benefits and retirement communities.
The premier employee benefits and retirement resource on the Web, FreeERISA provides free access to all Form 5500s filed with the Department of Labor over the past two years, including data on retirement, health, life, and other benefit plans from more than 1 million U.S. companies.
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Director of Marketing, Employee Benefits Data Services
Summit Professional Networks