BrightScope Announces the Top 25 Washington, D.C. Area-Based Companies With the Best 401k Plans
Wilmer Cutler Pickering Hale and Dorr LLP Makes First Appearance on the List as No. 1, While Arnold & Porter LLP Keeps Its No 2. Ranking
(firmenpresse) - SAN DIEGO, CA -- (Marketwire) -- 04/05/12 -- BrightScope (), a leading provider of independent financial information and investment research, today announced its second annual list of the top Washington, D.C. area-based companies with the highest ranked 401k plans containing more than $100 million in assets. This year BrightScope has extended the list to include the top 25 companies.
BrightScope obtains an increasing amount of its data directly from plan sponsors and record keepers, and augments these primary sources with data from publicly available sources such as the Department of Labor and the Securities and Exchange Commission. By analyzing and interpreting this data, BrightScope provides unprecedented transparency into the 401k industry.
"It's important for us to recognize those companies that are dedicating their energy and effort to making 401k plans a reliable resource for their employees' financial futures," said Bryan Lorenz, vice president of data at BrightScope. "Washington, D.C. should be proud of the companies that have made a second appearance on this list as well as the newcomers who are stepping up their offerings."
Noteworthy findings in the 2012 Top 25 Washington, D.C. 401k Plans list include:
Wilmer Cutler Pickering Hale and Dorr LLP makes its first appearance on the list as No. 1, replacing the previously ranked No.1, The AES Corporation, that dropped down to No. 6
Same ranking: Arnold & Porter LLP and Finnegan, Henderson, Farabow, Garrett & Dunner L.L.P. keep their spots as No. 2 and No. 3 respectively
Scitor Corporation which ranked 5th and Arent Fox PLLC which ranked 9th in the first annual list did not make a second appearance this year
Increase in ranking: Covington & Burling LLP moves up three spots from No. 8 to No. 5
Decreases in ranking: Patton Boggs LLP drops 7 spots from No. 4. to No. 11; FINRA slips down 6 spots from No. 6 to No. 12; Federal Home Loan Mortgage Corporation falls 10 places from No. 7 to No. 17; Lockheed Martin Corporation falls 15 spots from No. 10 to No. 25
First Appearances: Venable LLP, Hogan & Harston, LLP, VeriSign, Inc., The NASDAQ OMX Group, Inc., and Sutherland Asbill & Brennan LLP all make their first appearance in the rankings this year (all ranked in the top 10)
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1. Wilmer Cutler Pickering Hale and Dorr LLP - - 86.97
2. Arnold & Porter LLP - - 86.68
3. Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P. - 86.63
4. Venable LLP - - 85.81
5. Covington & Burling LLP - - 85.75
6. The AES Corporation - - 85.59
7. Hogan & Hartson, LLP - - 85.49
8. VeriSign, Inc. - - 85.13
9. The NASDAQ OMX Group, Inc. - - 85.12
10. Sutherland Asbill & Brennan LLP - - 84.94
11. Patton Boggs LLP - - 84.87
12. FINRA - - 84.27
13. National Education Association of the United States - - 84.25
14. DLA Piper LLP (US) - - 84.12
15. Crowell & Moring LLP - - 83.89
16. MedImmune, LLC - - 83.86
17. Federal Home Loan Mortgage Corp. - - 83.70
18. Wiley Rein LLP - - 83.69
19. Legg Mason, Inc. - - 83.29
20. Software AG USA, Inc. - - 83.05
21. Intelsat Corporation - - 82.97
22. International City Management Association Retirement Corporation - - 82.88
23. Argon ST, Inc. - - 82.87
24. FTI Consulting, Inc. - - 82.41
25. Lockheed Martin Corporation - - 82.30
BrightScope's 401k plan Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. Analyzing more than 200 individual data points, the BrightScope Rating algorithm can calculate a single numerical score for each 401k plan in the country. The data points examined cover broad categories such as total plan cost, company generosity and investment menu quality.
BrightScope has rated nearly 50,000 401k plans, spanning more than 30 million workers and over $2 trillion in assets. Industry adoption of the BrightScope Rating will lead to more cost-effective plans, increased participation rates, higher employee satisfaction and better outcomes for the 60 million employees who depend on their 401k plan for retirement.
BrightScope is a financial information company that brings transparency to opaque markets through independent research and analysis. Delivered through web-based software, BrightScope data drives better decision-making for individual investors, corporate plan sponsors, asset managers, broker-dealers, and financial advisors. The BrightScope Rating™, developed in partnership with leading independent 401k fiduciaries, reviews more than 200 unique data inputs per plan and calculates a single numerical score which defines plan quality at the company level. In April 2011, the company launched BrightScope Advisor Pages™, the first comprehensive and publicly available directory of financial advisors designed to help consumers discover information and conduct due diligence on wealth management professionals. BrightScope also markets a suite of data analytics software products to Fortune 1000 companies, asset managers, broker-dealers, financial advisors, and other market participants. Public ratings for more than 46,000 retirement plans as well as rating definitions, criteria and methodologies, and information on more than 475,000 financial advisors and 45,000 advisory firms are available for free at .
Katie Carlson
Atomic PR for BrightScope
415-593-1400
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Datum: 05.04.2012 - 13:00 Uhr
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