BrightScope Reveals the Top 25 Chicago Area-Based Companies With the Best 401k Plans
United Air Lines, Inc. Flies High Above the Rest of the List for Third Consecutive Comparison; CC Industries, Inc. and William Blair & Company, LLC Place Second and Third, Respectively
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 08/27/13 -- BrightScope (), a leading provider of independent financial information and investment research, today announced the Top 25 companies in the Chicago area with the highest ranked 401k plans containing more than $100 million in assets.
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.
"Chicago's highest-scoring plans continue to be among the country's highest ranked, showing strong plans over a range of industries," said Dan Weeks, Co-Founder of BrightScope. "The employees of these 'Windy City' companies can feel confident in their financial futures, knowing their employers continue to offer what's needed to help prepare for a comfortable retirement."
Noteworthy findings in the 2013 Top 25 Chicago 401k Plans list include:
First Appearances: Citadel LLC (# 9), SSAB Enterprises, LLC (# 14), SSI (U.S.), Inc. d/b/a Spencer Stuart (# 16), Baker & McKenzie LLP (# 20), and Griffith Laboratories, Inc. (# 24) enter the rankings this year
Greatest Leap: Tellabs, Inc. jumps 7 spots from #12 up to #5 this year
Largest Drop: Takeda Pharmaceuticals North America, Inc. slid 11 spots from #6 to #17
Average account balance for plans listed is $165,128
94.67% is the average participation rate for plans on the list
Average company generosity for plans listed is $10,609; the median is $10,337
Average salary deferral for plans listed is $9,416; the median is $9,366
Top 25 Chicago-area companies with the highest ranked 401k plans containing more than $100 million in assets:
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1. United Air Lines, Inc. - - 89.17
2. CC Industries, Inc. - - 87.67
3. William Blair & Company, LLC - - 87.32
4. Astellas US LLC - - 87.09
5. Tellabs, Inc. - - 86.48
6. Kirkland & Ellis, LLP - - 86.44
7. The HAVI Group Limited Partnership - - 86.41
8. Jenner & Block - - 86.30
9. Citadel LLC - - 86.17
10. Katten Muchin Rosenman LLP - - 86.01
11. SNR Denton US LLP. - - 85.89
12. Bain & Company, Inc. - - 85.80
13. Nalco Company - - 85.67
14. SSAB Enterprises, LLC - - 85.61
15. McDermott, Will & Emery, LLP - - 85.60
16. SSI (U.S.), Inc. d/b/a Spencer Stuart - - 85.48
17. Takeda Pharmaceuticals North America, Inc. - - 85.23
18. Mead Johnson & Company, LLC - - 85.18
19. Heidrick & Struggles, Inc. - - 84.56
20. Baker & McKenzie LLP - - 84.41
21. A.T. Kearney, Inc. - - 84.31
22. Vedder Price, P.C. - - 84.28
23. Mayer Brown LLP - - 84.05
24. Griffith Laboratories, Inc. - - 83.90
25. Winston & Strawn LLP - - 83.87
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 and 403b plans, spanning more than 57 million workers and over $3 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 nearly 50,000 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 .
Jessica Kipp
Atomic PR for BrightScope
415-593-1400
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Datum: 27.08.2013 - 13:00 Uhr
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