BrightScope Announces Top 25 Companies in the Finance and Insurance Industry With the Best 401k Plans
The Wellington Retirement and Pension Is the List's Frontrunner, American Century Services, LLC Follows Closely at No. 2
(firmenpresse) - SAN DIEGO, CA -- (Marketwire) -- 02/26/13 -- BrightScope (), a leading provider of independent financial information and investment research, today announced the Top 25 companies with the highest ranked 401k plans containing more than $100 million in assets in the finance and insurance sector. This is the second 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.
"Financial services companies play a critical role in providing the investment and insurance products that deliver retirement outcomes for millions of ordinary Americans," said Mike Alfred, CEO and co-founder of BrightScope. "By offering robust 401k plans, these companies demonstrate their knowledge first-hand by promoting a promising financial future for their own employees."
Key statistics found on the list of finance and insurance companies with the best 401k plan:
Average account balance for plans listed is $188,218
96.85% is the average participation rate for plans on the list
Average company generosity for plans listed is $13,704; the median is $12,066
Average salary deferral for plans listed is $10,514; the median is $10,081
Thirteen of the plans on this list have immediate vesting, eight have graded vesting and the remaining four have cliff vesting
Top 25 finance and insurance companies with the highest ranked 401k plan containing more than $100 million in assets:
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1.Wellington Management Company, LLP - - 90.20
2. American Century Services, LLC - - 89.75
3. General Re Corporation - - 89.39
4. Assured Guaranty Corp. - - 89.37
5. Dodge & Cox - - 89.24
6. Credit Suisse Securities USA LLC - - 88.31
7. IVZ, Inc. - - 87.44
8. TD Securities USA LLC - - 87.39
9. William Blair & Company, LLC - - 87.31
10. Davenport & Company, LLC - - 87.28
11. D.E. Shaw & Company, L.P. - - 87.22
12. SVB Financial Group - - 87.03
13. Jennison Associates, LLC - - 86.67
14. Swiss Re America Holding Corporation - - 86.65
15. Bessemer Trust Company - - 86.63
16. Allianz Global Investors of America L.P. - - 86.59
17. Keefe, Bruyette & Woods, Inc. - - 86.32
18. OppenheimerFunds, Inc. - - 86.18
19. Citadel LLC- - 86.17
20. Arch Capital Group U.S., Inc. - - 86.11
21. Loomis, Sayles & Company, L.P. - - 85.97
22. Natixis Global Asset Management, L.P. - - 85.88
23. UBS AG - - 85.85
24. X.L. America, Inc. - - 85.84
25. Lord Abbett & Co. LLC - - 85.79
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: 26.02.2013 - 14:00 Uhr
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