BrightScope Names the Top 25 Boston Area-Based Companies With the Best 401k Plans
Wellington Continues Reign at No. 1 While Newcomers Fill List and Boston Consulting Group Continues to Slip
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 10/22/13 -- BrightScope (), a leading provider of independent financial information and investment research, today announced the Top 25 companies in the Boston 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.
"It's great to see that most of the companies that were on the Boston list in 2012 remained on this year's list, and many have even improved their rating," said Dan Weeks, Co-Founder of BrightScope. "It's clear that those companies have continued to make the plan improvements geared towards helping employees reach their retirement goals."
Noteworthy findings in the 2013 Top 25 Boston 401k Plans list include:
While Wellington Management Company maintains the top spot for the third time in a row, welcomed to the list are first-timers New England Biolabs, Boston Scientific Corporation, Kronos Incorporated, Simpson Gumpertz & Heger, Goodwin Procter, NSTAR, and Bull HN Information Systems
Greatest Leap: EMD Serono rocketed 17 spots from #22 up to #5 this year
Largest Drop: Boston Consulting Group slid 11 spots from #11 to #22
Average account balance for plans listed is $176,890
94.04% is the average participation rate for plans on the list
Average company generosity for plans listed is $9,767; the median is $7,472
Average salary deferral for plans listed is $8,954; the median is $9,727
Top 25 Boston Area companies with the highest ranked 401k plans containing more than $100 million in assets:
- -
1. Wellington Management Company, LLP - - 90.36
2. Eaton Vance Management - - 87.87
3. Simpson Gumpertz & Heger, Inc. - - 87.54
4. Millennium Pharmaceuticals, Inc. - - 87.00
5. EMD Serono, Inc. - - 86.27
6. Loomis, Sayles & Company, L.P. - - 85.97
7. Natixis Global Asset Management, L.P. - - 85.88
8. Vertex Pharmaceuticals Incorporated - - 85.63
9. Biogen Idec Inc. - - 85.02
10. The MathWorks, Inc. - - 84.86
11. Tufts Medical Center Physicians Organization, Inc. - - 84.82
12. Progress Software Corporation - - 84.57
13. Goodwin Procter LLP - - 84.49
14. New England Biolabs, Inc. - - 84.14
15. Analog Devices, Inc. - - 83.40
16. FMR LLC - - 83.35
17. Cabot Corporation - - 82.91
18. Boston Scientific Corporation - - 82.91
19. Ropes & Gray LLP - - 82.67
20. Kronos Incorporated - - 82.39
21. Waters Technologies Corporation - - 82.23
22. The Boston Consulting Group, Inc. - - 82.13
23. Teradyne, Inc. & Subsidiaries - - 82.12
24. NSTAR - - 82.10
25. Bull HN Information Systems, Inc. - - 82.09
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 .
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.10.2013 - 12:00 Uhr
Sprache: Deutsch
News-ID 307989
Anzahl Zeichen: 0
contact information:
Town:
SAN DIEGO, CA
Kategorie:
Investment Services & Trading
Diese Pressemitteilung wurde bisher 254 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BrightScope Names the Top 25 Boston Area-Based Companies With the Best 401k Plans"
steht unter der journalistisch-redaktionellen Verantwortung von
BrightScope (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
