Clearwater Analytics (CWAN) announced today that T. Rowe Price has successfully implemented the CWAN platform to support its stable value operations, delivering advanced capabilities that will benefit 401(k) plan sponsors and participants.
“By unifying operations on CWAN’s platform, they gain the speed, accuracy, and scalability to serve participants today while building the foundation for the retirement products of tomorrow.”
CWAN’s Jonny Dittmer
A press release today said many asset managers in this market still rely on manual processes and legacy systems, creating fundamental industry challenges, and that T. Rowe Price’s deployment has helped improve productivity while decreasing risks.
“T. Rowe Price has taken a decisive step to strengthen how stable value funds serve retirement plan participants,” said Jonny Dittmer, General Manager of Fund Solutions at Boise, Idaho-based CWAN. “By unifying operations on CWAN’s platform, they gain the speed, accuracy, and scalability to serve participants today while building the foundation for the retirement products of tomorrow.”
With $13 trillion now in defined contribution plans, asset managers face pressure to modernize beyond manual processes and legacy systems. Clearwater’s platform gives T. Rowe Price real-time reporting, automated crediting rates, and transparent risk monitoring, helping plan sponsors offer more flexibility and giving participants clearer insight into their retirement savings. By implementing these efficiencies, the T. Rowe Price stable value team can focus on innovating new investment options, customizing fund structures, and ultimately improving participant outcomes.
This shift away from outdated infrastructure is a major trend reshaping how asset managers serve 401(k) plans, with CWAN helping lead it. Stable value strategies are a staple for 401(k)s, reportedly offered in 80% of defined contribution plans.
“Our partnership with CWAN has strengthened our position as a leading stable value solutions provider,” said Antonio “Tony” Luna, Head of Stable Asset Management at T. Rowe Price. “CWAN has been a great partner and with us every step of the way. The CWAN platform gives us a flexible, unparalleled technology that we can leverage to maximize investment and operational efficiencies. It allows us to deliver competitive performance and create innovative products while focusing on service excellence.”
Among the significant improvements across participant service and operations:
Benefits for Plan Sponsors and Participants
• Enhanced reporting: a user-friendly user interface purpose-built for stable value, resulting in a better user experience.
• Real-time performance: instant visibility into daily book value and market value performance.
• Risk monitoring: increased transparency and access to analyze underlying portfolio holdings.
• Enhanced investment options: flexibility and ability to customize fund structures, unlocking innovative new strategies to match the plan sponsor’s objectives.
Benefits for Stable Value Team
• Reliable calculations: crediting rates automatically calculated across participant accounts.
• Reduced manual processes: wrap contract management streamlined, eliminating inefficient manual processes and reducing the risk of error or delays.
• Integrated trade solution: trades processed automatically to help optimize portfolio allocations and liquidity.
• More time for innovation: with one unified stable value platform, teams can focus on creating new retirement products and services.
Baltimore-based T. Rowe Price manages $1.73 trillion in client assets as of Aug. 31, 2025, about two-thirds of which are retirement-related.
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