Sunnyvale, Calif.-based artificial and human intelligence platform Tickeron announced Dec. 9 that it has more than doubled the number of 401k plans it analyzes.
The company added 54,000 more 401k reports to its 401(k) Report feature, which is available to plan sponsors, plan advisors and plan participants alike. The expansion brings artificial intelligence unveiling deep insight and diversification analysis into a total of 80,370 U.S. company 401k plans.
Tickeron, a subscription-based market intelligence platform giving access to the latest trading news and AI-generated predictions, first unveiled the 401(k) Report feature in March 2020 with about 26,000 plans analyzed. According to the Investment Company Institute, there were more than 580,000 401k plans in 2018.
“Tickeron rates plans by issuing a Diversification Score (DivScore) that indicates how well the plan menu is diversified,” said Sergey Savastiouk, who serves as the Sunnyvale, Calif.-based company’s CEO. “Based on this technology, Tickeron—as a SEC-registered financial advisor—provides easy-to-use personalized allocation suggestions for millions of plan participants for free.”
The 401k Report feature also provides plan participants with plan menu details, general statistics, fees and expenses, and fundamentals. The artificial intelligence details fundamentals for each security held in the 401k plan.
This analysis gives the plan administrator and plan participants a sense of the company or funds’ revenue, manager tenure, P/E ratio (valuation), risk, and other key metrics.
When deciding whether to accept a job offer, Savastiouk says potential employees can compare companies’ 401k plans to determine if they match their preferences and see the companies’ generosity ratings. Another use case for these reports is assessing the diversification of employees’ existing 401k plans, requesting their plan sponsors make improvements.
Plan advisors can use Tickeron’s 401k reports to confirm their diversification choices in a company’s plan menus or use this tool to improve the diversification of the plan menus. They can also advise plan sponsors to boost their company’s generosity, as a means of attracting better employees.
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