Accenture Federal Services Wins Federal Retirement Thrift Investment Board Contract to Improve Retirement Outcomes for Civil Service and Military 401K
ARLINGTON, Va.; Nov. 19, 2020 - Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), has been awarded the Recordkeeping Services Acquisition (RKSA) contract by the Federal Retirement Thrift Investment Board (FRTIB). The contract aims to reimagine retirement services for the digital age and improve the customer experience for the Thrift Savings Plan (TSP). The TSP savings and retirement plan is similar to 401K plans offered by many private employers. It serves 6.1 million federal employees and members of the uniformed services managing over $644 billion in assets. The RKSA contract has an 18-month transition and four, three-year option periods.
Elaine Beeman, senior managing director and
Accenture Federal Services civilian lead
Alight Solutions will support the recordkeeping function of the RKSA contract. Alight, a cloud-based provider of integrated digital human capital and business solutions, has a decades-long history of administering large, complex defined contribution plans and helping millions of U.S. workers save for a more secure retirement. AFS will also be working with cloud platform provider Amazon Web Services. The Salesforce* platform will be used for case management and communication services. ServiceNow will be used for service management digital workflow solutions. 'We have the wonderful opportunity to work with FRTIB and help the participants and beneficiaries of the TSP improve their retirement outcomes,' said Owen Davies, Accenture Federal Services FRTIB lead and global public retirement/pension lead for Accenture. 'Together we will work to reinvent retirement for the digital age and the post-digital age to advance their financial wellness.'
About Accenture Federal Services Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, is a U.S. company with offices in Arlington, Virginia. Accenture's federal business has served every cabinet-level department and 30 of the largest federal organizations. Accenture Federal Services transforms bold ideas into breakthrough outcomes for clients at defense, intelligence, public safety, civilian and military health organizations. Learn more at www.accenturefederal.com.
About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services-all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 506,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners, and communities. Visit us at www.accenture.com. * Salesforce and others are among the trademarks of salesforce.com, inc.
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Contact: Jane Norris Accenture Federal Services +1 571 414 4475
maryjane.o.norris@accenturefederal.com
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Accenture plc published this content on 19 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 18:04:03 UTC