BrightScope Announces Its Seventh Annual Top 30 401k Plans List
NFL Player Second Career Savings Plan Scores Top Spot for Third Year in a Row; BrightScope Welcomes Nine New Companies
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 12/15/15 -- BrightScope (), a leading provider of independent financial information and investment research, is proud to announce the seventh BrightScope year-end ranking of the Top 30 401k Plans List to recognize companies with the best 401k plans containing more than $1 billion in assets.
"This is our seventh year compiling the Year-End Top 30 Ratings list, and yet again we see companies offer increasingly outstanding plans," said Mike Alfred, CEO & co-founder of BrightScope. "It's encouraging to see the average plan rating continue to improve, demonstrating employers recognize the importance a high quality 401k plan plays in helping employees retire with dignity."
Key Statistics of BrightScope's 2015 Top 30 List:
Plan quality has steadily increased: the average BrightScope rating of plans on the list is up to 88.47 compared to an average rating of 87.1 for plans on the 2011 list
Target Date Fund growth spikes: TDFs represent 12.42 percent of assets, up from 5.54 percent compared to the 2014 Top 30 List
Index Funds stay stable: for the second year in a row, index funds account for 35 percent of assets across plans on the list
Participation rates slow to 96 percent, down nearly one percent year-over-year*
Salary deferrals per participant average over $13,781, growing from $13,572
Average account balances represented have decreased by nearly $10,000 since the Top 30 List of 2014*
*this does not refer to drops or decrease in participation
Noteworthy findings since BrightScope's last release of this list in December 2014:
The , new to the list in 2013, claims the No. 1 spot for the third year
The jumps from No. 22 in 2014 to No. 6 this year with the help of increased company generosity and higher salary deferrals
Other major moves since 2014 include the from No. 28 to No. 11 and from No. 30 to No. 20
BrightScope gives a warm welcome to new honorees: the (No. 12), (No. 16), (No. 24), (No. 25), (No. 26), (No. 27), (No. 28), (No. 30)
BrightScope welcomes back (No. 9) who previously ranked in the Top 30 plan list in 2009
The entire list of the 2015 Top 30 401k Plans with more than $1 billion 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.
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: 15.12.2015 - 14:00 Uhr
Sprache: Deutsch
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