BrightScope Lists Top 25 Law Firms With the Best 401k Plans
The Retirement Plan of Sullivan & Cromwell LLP Tops the First List in a New Series From the Leading Financial Information Company, Bringing More Transparency Into the Nation's Top Industries' 401k Plans
(firmenpresse) - SAN DIEGO, CA -- (Marketwire) -- 02/05/13 -- BrightScope (), a leading provider of independent financial information and investment research, today announced the Top 25 law firms with the highest ranked 401k plans containing more than $100 million in assets. This is the first list in a new series that BrightScope will regularly issue to highlight the strongest plans within leading industries across the nation.
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.
"While each industry is vastly different, the need for easily accessible data and insight into 401k plans is universal," said Mike Alfred, CEO and co-founder of BrightScope. "Like all of our lists, this information is meant to encourage workers to easily evaluate their own retirement plans, gain a deeper understanding of its components, and push sponsors for more robust and financially beneficial plans."
Top 25 law firms with the highest ranked 401k plans containing more than $100 million in assets:
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1. Sullivan & Cromwell LLP - - 92.55
2. O'Melveny & Myers LLP - - 91.94
3. Jones Day - - 90.61
4. Simpson Thacher & Bartlett LLP - - 89.89
5. Stroock & Stroock & Lavan LLP - - 88.91
6. Weil, Gotshal & Manges, LLP - - 88.40
7. Bradley Arant Boult Cummings LLP - - 87.94
8. Fish & Richardson, PC - - 87.78
9. Covington & Burling LLP - - 87.55
10. Taft, Stettinius & Hollister LLP - - 87.43
11. Briggs and Morgan, Professional Association - - 87.32
12. Paul Hastings LLP - - 87.25
13. Allen, Matkins, Leck, Gamble, Mallory & Natsis LLP - - 87.23
14. Shearman & Sterling LLP - - 87.23
15. Lindquist & Vennum PLLP - - 87.19
16. Reed Smith LLP - - 86.97
17. Skadden, Arps, Slate, Meagher & Flom, LLP - - 86.86
18. Pillsbury Winthrop Shaw Pittman LLP - 86.85
19. Irell & Manella LLP - - 86.73
20. Saul Ewing LLP - - 86.65
21. Arnold & Porter LLP - - 86.65
22. Honigman Miller Schwartz and Cohn LLP - - 86.60
23. Akin Gump Strauss Hauer & Feld, LLP - - 86.59
24. Barnes & Thornburg LLP - - 86.50
25. Finnegan, Henderson, Farabow, Garrett & Dunner, LLP - - 86.47
The BrightScope Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. By analyzing more than 200 individual data points, the BrightScope Rating algorithm calculates a single numerical value for each 401k plan. 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 nearly 600,000 financial advisors and nearly 40,000 advisory firms are available for free at .
Jen Harding
Atomic PR for BrightScope
415-593-1400
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Datum: 05.02.2013 - 14:00 Uhr
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