endorsedOngoing

Retirement Plan Design Tool Development

Services Covered:

Custom Software Development

Industry

Financial Services

Duration

163 months

Budget

Confidential

Start Date

1 January 2013

Team Size

1-5 Employees

Engagement Model

Onshore

Project Capability Score (PCS)

81/100

Strong

Project Capability Score (PCS) estimates how capable Altoros is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Confidential

Lake Oswego, United States of America

Project Summary

Altoros provides outsourced development to a financial services firm to build a retirement plan design tool. They reprogrammed Excel calculations into Ruby on Rails, designed the UI and reporting structures, and implemented frontend HTML/CSS. The small dedicated team (3–4 people) has stayed on schedule, scope, and budget and is praised for responsiveness and technical competence.

Key Challenges

Develop a tool to help retirement plan fiduciaries model matching program designs in real time
Calculate the impact of plan design changes across all employees, including marginal cost and benefit analyses

Project Deliverables

Database design
UI design
Reporting structures
Reprogrammed Excel calculations into Ruby on Rails
HTML and CSS frontend implementation

Project Solution

Altoros helped make the client's internally designed retirement plan tool operational by designing the database, UI, and reporting structures, reprogramming calculations from Microsoft Excel into Ruby on Rails, and implementing frontend HTML/CSS. The vendor also handled work that is separate from the client's core benchmarking system and supported scalability research for high-volume participant calculations.

Project Outcome

The service and software are not yet operational, but Altoros has stayed on time, scope, and budget
The team exceeded project management expectations, providing regular follow-ups and clear task ownership
Researched parallel computing and multi-processor approaches to support tens of thousands of participants

Platforms

Tech Stack

Ruby on Rails

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Despite minimal guidance, Altoros has worked independently and taken the project further than internal stakeholders expected they’d be able to. Responsive, highly skilled, and amiable, the team stays on schedule, scope, and budget. Customers can expect a reliable and cost-effective offshore partner.”
Anonymous
CEO
Date: 10/10/2019