BrightScope Ranks the Top 25 New York Area-Based Companies With the Best 401k Plans
Sullivan & Cromwell, LLP Scores the Top Spot Again; New Honorees 21st Century Fox America and Cravath, Swaine & Moore, LLP Debut in the Top Five
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 02/10/15 -- BrightScope (), a leading provider of independent financial information and investment research, today announced the fourth list of New York area companies with the highest ranked 401k plans containing more than $100 million in assets.
"One of our longest-standing rankings, it's great to see New York-based companies continue to improve ratings since this launching this list in 2010," said Brooks Herman, Head of Data & Research at BrightScope. "New York is leading the way in company generosity, and local companies are clearly working hard to improve the quality of retirement offerings to better help employees prepare for their financial futures."
Noteworthy findings in the 2015 Top 25 New York Area 401k Plans list include:
After debuting at No. 1 in 2013, Sullivan & Cromwell, LLP continues its reign at the top spot on the list with a rating of 92.77
BrightScope welcomes 21st Century Fox America, Inc. (No. 3), Cravath, Swaine & Moore (No. 5), Cleary Gottlieb Steen & Hamilton, LLP (No. 7), Cerberus Capital Management, L.P. (No. 8), UniCredit Bank AG (No. 9), Kenyon & Kenyon, LLP (No. 18), Partner Reinsurance Company of the U.S. (No. 19), Ofi Global Asset Management, Inc. (No. 23), Arch Capital Group U.S., Inc. (No. 24) to this year's list
Average account balance for plans listed is $468,191
Average participation rate for plans on the list is 96.22 percent
Average company generosity for plans listed is $20,259; the median is $17,891
Average salary deferral for plans listed is $13,496; the median is $11,244
Top 25 New York area companies with the highest ranked 401k plans containing more than $100 million in assets:
- -
1. Sullivan & Cromwell, LLP - - 92.77
2. Stroock & Stroock & Lavan, LLP - - 92.22
3. 21st Century Fox America, Inc. - - 92.21
4. National Basketball Association - - 92.02
5. Cravath, Swaine & Moore, LLP - - 90.67
6. Simpson, Thacher & Bartlett, LLP - - 90.55
7. Cleary Gottlieb Steen & Hamilton, LLP - - 90.41
8. Cerberus Capital Management, L.P. - - 90.08
9. UniCredit Bank AG - - 89.86
10. Assured Guaranty Corp. - - 89.75
11. General Re Corp. - - 89.65
12. Shearman & Sterling, LLP - - 89.60
13. National Exchange Carrier Association, Inc. - - 89.45
14. Renaissance Technologies, LLC - - 89.06
15. North American Partners in Anesthesia, LLP - - 89.02
16. BNP Paribas S.A. - - 88.32
17. Jennison Associates, LLC - - 88.03
18. Kenyon & Kenyon, LLP - - 87.92
19. Partner Reinsurance Company of the U.S. - - 87.75
20. PMI Global Services, Inc. - - 87.70
21. Pfizer, Inc. - - 87.70
22. TD Securities USA, LLC - - 87.69
23. Ofi Global Asset Management, Inc. - - 87.29
24. Arch Capital Group U.S., Inc. - - 87.20
25. SES Americom, Inc. - - 87.13
Note: This data is accurate as of January 30, 2015.
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.
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 cloud-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 more than 680,000 financial advisors and nearly 33,000 active advisory firms are available for free at .
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Datum: 10.02.2015 - 13:00 Uhr
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