US 2014/0372341 A1Published application

Wellness segmentation tool

AssigneeBank of America Corporation

InventorWilliam E. Brown, III

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Abstract

Embodiments of the invention provide for systems, computer program products, and methods for a financial wellness segmentation tool that allows a user to create customized wellness segmentation reports in order to segment the wellness metrics of plan participants in one or more retirement accounts into customized groups for additional analysis. The wellness segmentation tool searches the underlying data related to individual wellness scores, wellness metrics, retirement accounts, and participant information, and creates customized wellness segmentation reports for the user based on one or more retirement plans, selection criteria, and data points selected by the user. In this way, a user may create customized wellness segmentation reports that allow the institution to receive specific information about the participants in order to adjust investment options, retirement account benefits, or targeted communication or education for specifically identified plan participants.

Claims21

Dependent claims

A system comprising:

a memory device having computer readable program code store thereon;
and
a processing device operatively coupled to the memory device, wherein the processing device is configured to execute the computer readable program code to:
receive a request from a user to create a customized report for plan participants of one or more retirement account plans;
provide selection criteria to the user for defining the plan participants included in the customized report, wherein the selection criteria is wellness scores of the plan participants, savings behaviors of the plan participants, investing behaviors of the plan participants, setting and monitoring goal behaviors of the plan participants, or account preservation behaviors of the plan participants;
receive a selection of one or more of the selection criteria from the user;
provide data points to the user for defining information to include in the customized report, wherein the data points are participant account information and participant information;
receive a selection of one or more of the data points to include in the customized report;
create the customized report based on the selection of the selection criteria and the data points;
and
provide the customized report to the user.

8 more elements

A computer program product, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

an executable portion configured to receive a request from a user to create a customized report for plan participants of one or more retirement account plans;
an executable portion configured to provide selection criteria to the user for defining the plan participants included in the customized report, wherein the selection criteria is wellness scores of the plan participants, savings behaviors of the plan participants, investing behaviors of the plan participants, setting and monitoring goal behaviors of the plan participants, or account preservation behaviors of the plan participants;
an executable portion configured to receive a selection of one or more of the selection criteria from the user;
an executable portion configured to provide data points to the user for defining information to include in the customized report, wherein the data points are participant account information and participant information;
an executable portion configured to receive a selection of one or more of the data points to include in the customized report;
an executable portion configured to create the customized report based on the selection of the selection criteria and the data points;
and
an executable portion configured to provide the customized report to the user.

5 more elements

A method comprising:

receiving a request from a user to create a customized report for plan participants of one or more retirement account plans;
providing, by a processing device, selection criteria to the user for defining the plan participants included in the customized report, wherein the selection criteria is wellness scores of the plan participants, savings behaviors of the plan participants, investing behaviors of the plan participants, setting and monitoring goal behaviors of the plan participants, or account preservation behaviors of the plan participants;
receiving, by the processing device, a selection of one or more of the selection criteria from the user;
providing, by the processing device, data points to the user for defining information to include in the customized report, wherein the data points are participant account information and participant information;
receiving, by the processing device, a selection of one or more of the data points to include in the customized report;
creating, by the processing device, the customized report based on the selection of the selection criteria and the data points;
and
provide the customized report to the user.

5 more elements

Dependencies are inferred from the claim text.