System for combined pool portfolio
First Claim
1. A system for managing, diversifying, and optimizing a portfolio of pension plans comprising employer-contributed securities of different employers, for a group of participants, comprising:
- means for storing in accessible memory data representing a market value of employer-contributed securities in a particular pension plan for each pension plan in said portfolio, data representing select characteristics of said employer-contributed securities; and
data representing select criteria of each participant, wherein the participants are selected from the group consisting of;
individual employees in a pension plan having employer-contributed shares, pension plans having employer-contributed shares, and combinations thereof;
means for determining a diversified allocation of portfolio assets among the employer-contributed securities based on said select characteristics, subject to said select criteria and predetermined constraints, wherein the means for determining said diversified allocation of portfolio assets further comprises an optimizer for minimizing the deviation in returns between the portfolio and a preselected objective function; and
means for transferring assets from and to said portfolio to achieve said diversified allocation.
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Accused Products
Abstract
A data processing system is disclosed for contributed employer securities in pension accounts which is directed specifically to the control, tracing of transactions and allocation of available assets among participants. This system allows pension plans and individuals'"'"' pension accounts which own employer securities to transfer the employer securities into a combined pool. The pool manages the combined portfolio, selling portions of the contributed stocks and purchasing other financial instruments to increase diversification. The system checks prospective participants for pre-specified admission requirements and traces the flow of securities and cash between the combined pool and the participants.
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Citations
10 Claims
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1. A system for managing, diversifying, and optimizing a portfolio of pension plans comprising employer-contributed securities of different employers, for a group of participants, comprising:
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means for storing in accessible memory data representing a market value of employer-contributed securities in a particular pension plan for each pension plan in said portfolio, data representing select characteristics of said employer-contributed securities; and
data representing select criteria of each participant, wherein the participants are selected from the group consisting of;individual employees in a pension plan having employer-contributed shares, pension plans having employer-contributed shares, and combinations thereof; means for determining a diversified allocation of portfolio assets among the employer-contributed securities based on said select characteristics, subject to said select criteria and predetermined constraints, wherein the means for determining said diversified allocation of portfolio assets further comprises an optimizer for minimizing the deviation in returns between the portfolio and a preselected objective function; and means for transferring assets from and to said portfolio to achieve said diversified allocation. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method for managing, diversifying, and optimizing a portfolio of pension plans comprising employer-contributed securities of different employers, for a group of participants, comprising the steps of:
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determining a diversified allocation of portfolio assets among said employer-contributed securities based on select characteristics subject to select criteria and predetermined constraints, wherein the participants are selected from the group consisting of; individual employees in a pension plan having employer-contributed shares, pension plans having employer-contributed shares, and combinations thereof, and wherein the step of determining said diversified allocation further comprises optimization of said allocation by minimizing the deviation in returns between the portfolio and a preselected objective function; and transferring assets to and from said portfolio to achieve said diversified allocation. - View Dependent Claims (8, 9, 10)
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Specification