Welcome!

Cognitive Computing Authors: Liz McMillan, Yeshim Deniz, Shelly Palmer, Elizabeth White, Rajeev Kozhikkattuthodi

News Feed Item

BrightScope Announces Its Fourth Annual Year-End Top 30 401k Plans List

Newcomer Marathon Oil Company Takes This Year's Top Spot, Bumping Last Year's Leader Southwest Airlines to No. 3

SAN DIEGO, CA -- (Marketwire) -- 12/11/12 -- BrightScope (www.brightscope.com), the leading provider of independent retirement plan ratings and investment research, is proud to announce the fourth annual BrightScope Year-End Top 30 Ratings List covering 401k plans with more than $1 billion in assets. BrightScope obtains an increasing amount of its data directly from plan sponsors and recordkeepers, 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.

"This is our fourth year compiling the Year-End Top 30 Ratings list, and yet again we are seeing companies offering outstanding plans," said Mike Alfred, CEO and co-founder of BrightScope. "It is clear that plan sponsors are effectively using quantitative tools like the BrightScope Rating to meaningfully improve their plans. Better plans lead to better outcomes for each and every participant who depends on their plan for a dignified retirement."

Key Statistics of BrightScope's 2012 Top 30 List:

  • Target Date Funds make inroads: the average Top 30 Plan in 2012 has 4.9% of its assets in a Target Date Fund compared to 3.6% on the 2011 list.
  • Index Funds growth continues: index funds account for 29.5% of assets in the Top 30 Plans of 2012, compared to 25.4% on the 2011 list.
  • Brokerage windows becoming more popular: they represent 3.8% of 401k assets in the 2012 List versus 2.8% on the 2011 list.
  • Collective Trusts are becoming more commonplace: 28.7% of the assets of the Top 30 Plans of 2012 were in Collective Trusts relative to 24.0% on the 2011 list.
  • Plans within the 2012 Top 30 list average over $12,700 in salary deferrals per participant, up from $11,600 on the 2011 list.

Noteworthy findings in the 2012 Year-End Top 30 401k Plans List include:

The entire list of the 2012 Top 30 401k Plans with more than $1 billion in assets:


----------------------------------------------------------------------------
2012 2011                                               U.S.     BrightScope
Rank Rank Plan Name                                 Headquarters   Rating™
----------------------------------------------------------------------------
  1   N/A Marathon Oil Company Thrift Plan          Houston, TX     91.65
http://www.brightscope.com/401k-rating/120473/Marathon-Oil-Company/
122325/Marathon-Oil-Company-Thrift-Plan/
---------------------------------------------------------------------------- 2 2 The Savings Plan of Saudi Arabian Oil Houston, TX 90.87 Company http://www.brightscope.com/401k-rating/437686/Saudi-Arabian-
Oil-Company/443449/The-Savings-Plan-Of-Saudi-Arabian-Oil-Company/
---------------------------------------------------------------------------- 3 1 Southwest Airlines Pilots' Retirement Dallas, TX 90.82 Savings Plan http://www.brightscope.com/401k-rating/343176/Southwest-
Airlines-Co/348002/Southwest-Airlines-Pilots-Retirement-Savings-Plan/
---------------------------------------------------------------------------- 4 3 Wellington Retirement and Pension Plan Boston, MA 90.20 http://www.brightscope.com/401k-rating/13617/Wellington-
Management-Company-Llp/13804/Wellington-Retirement-And-Pension-Plan/
---------------------------------------------------------------------------- 5 6 Amgen Retirement and Savings Plan Thousand 89.65 Oaks, CA http://www.brightscope.com/401k-rating/429237/Amgen-Inc/434884/
Amgen-Retirement-And-Savings-Plan/
---------------------------------------------------------------------------- 6 5 United Airlines Pilot Directed Account Chicago, IL 89.17 Plan http://www.brightscope.com/401k-rating/167103/United-Air-Lines-Inc/
169723/United-Airlines-Pilot-Directed-Account-Plan/
---------------------------------------------------------------------------- 7 7 Employees Savings and Retirement Plan of New York, NY 88.31 Credit Suisse http://www.brightscope.com/401k-rating/26606/Credit-Suisse-Securities-
Usa-Llc/26928/Employees-Savings-And-Retirement-Plan-Of-Credit-Suisse/
---------------------------------------------------------------------------- 8 14 Sanofi-Aventis US Savings Plan Bridgewater, 87.66 NJ http://www.brightscope.com/401k-rating/179529/Sanofi-Aventis-Us-Llc/
182342/Sanofi-Aventis-Us-Savings-Plan/
---------------------------------------------------------------------------- 9 9 Southern California Permanente Medical Pasadena, CA 87.64 Group Retirement Plan http://www.brightscope.com/401k-rating/423619/Southern-California-
Permanente-Medical-Group/696644/Southern-California-Permanente-Medical-
Group-Retirement-Plan/
---------------------------------------------------------------------------- 10 11 Bristol-Myers Squibb Company Savings and New York, NY 87.01 Investment Program http://www.brightscope.com/401k-rating/90205/Bristol-Myers-Squibb-Company/
91510/Bristol-Myers-Squibb-Company-Savings-And-Investment-Program/
---------------------------------------------------------------------------- 11 19 Google Inc. 401k Savings Plan Mountain 86.99 View, CA http://www.brightscope.com/401k-rating/367778/Google-Inc/372789/
Google-Inc-401K-Savings-Plan/
---------------------------------------------------------------------------- 12 12 ExxonMobil Savings Plan Houston, TX 86.88 http://www.brightscope.com/401k-rating/55063/Exxon-Mobil-Corporation/
55974/Exxonmobil-Savings-Plan/
---------------------------------------------------------------------------- 13 10 Bayer Corporation Savings and Retirement Pittsburgh, 86.82 Plan PA http://www.brightscope.com/401k-rating/119949/Bayer-Corporation/121795/
Bayer-Corporation-Savings-And-Retirement-Plan/
---------------------------------------------------------------------------- 14 22 IBM 401k Plus Plan Armonk, NY 86.71 http://www.brightscope.com/401k-rating/43285/
Ibm-International-Business-Machines/43863/Ibm-401K-Plus-Plan/
---------------------------------------------------------------------------- 15 20 Genentech, Inc. Tax Reduction Investment South San 86.71 Plan Francisco, CA http://www.brightscope.com/401k-rating/413898/Genentech-Inc/419350/
Genentech-Inc-Tax-Reduction-Investment-Plan/
---------------------------------------------------------------------------- 16 13 Chevron Employee Savings Investment Plan San Ramon, CA 86.65 http://www.brightscope.com/401k-rating/410674/Chevron-Corporation/416040/
Chevron-Employee-Savings-Investment-Plan/
---------------------------------------------------------------------------- 17 15 BASF Corporation Retirement Savings Plan Florham Park, 86.58 NJ http://www.brightscope.com/401k-rating/61196/Basf-Corporation/487122/
Basf-Corporation-Retirement-Savings-Plan/
---------------------------------------------------------------------------- 18 N/A The Roche Savings and Pay Deferral Plan Nutley, NJ 86.58 http://www.brightscope.com/401k-rating/690791/Hoffmann-La-Roche-Inc/727075/
The-Roche-Savings-And-Pay-Deferral-Plan/
---------------------------------------------------------------------------- 19 17 Ernst & Young Partnership Retirement Secaucus, NJ 86.55 Plan http://www.brightscope.com/401k-rating/156057/Ernst-Young-Us-Llp/549965/
Ernst-Young-Partnership-Retirement-Plan/
---------------------------------------------------------------------------- 20 18 Anadarko Employee Savings Plan The 86.47 Woodlands, TX http://www.brightscope.com/401k-rating/359411/Anadarko-Petroleum-Corporation
/364364/Anadarko-Employee-Savings-Plan/
---------------------------------------------------------------------------- 21 N/A Cisco Systems, Inc. 401(k) Plan San Jose, CA 86.35 http://www.brightscope.com/401k-rating/363766/Cisco-Systems-Inc/368754/
Cisco-Systems-Inc-401K-Plan/
---------------------------------------------------------------------------- 22 23 BP Employee Savings Plan Houston, TX 86.26 http://www.brightscope.com/401k-rating/164763/
Bp-Corporation-North-America-Inc/167290/Bp-Employee-Savings-Plan/
---------------------------------------------------------------------------- 23 24 Shell Provident Fund Houston, TX 86.06 http://www.brightscope.com/401k-rating/997405/Shell-Oil-Company/13873329/
Shell-Provident-Fund/
---------------------------------------------------------------------------- 24 27 UBS Savings and Investment Plan New York, NY 85.85 http://www.brightscope.com/401k-rating/437794/Ubs-Ag/443559/
Ubs-Savings-And-Investment-Plan/
---------------------------------------------------------------------------- 25 N/A Altria Client Services, Inc. Deferred Richmond, VA 85.81 Profit-Sharing Plan for Salaried Employees http://www.brightscope.com/401k-rating/48323/Altria-Client-Services-Inc/
49093/Deferred-Profit-Sharing-Plan-For-Salaried-Employees/
---------------------------------------------------------------------------- 26 21 ConocoPhillips Savings Plan Bartlesville, 85.79 OK http://www.brightscope.com/401k-rating/338447/Conocophillips-Company/
343236/Conocophillips-Savings-Plan/
---------------------------------------------------------------------------- 27 29 Goldman Sachs 401k Plan New York, NY 85.71 http://www.brightscope.com/401k-rating/471038/The-Goldman-Sachs-Group-Inc/
481350/Goldman-Sachs-401K-Plan/
---------------------------------------------------------------------------- 28 16 Bechtel Trust & Thrift Plan San 85.70 Francisco, CA http://www.brightscope.com/401k-rating/415685/Bechtel-Corporation/421149/
Bechtel-Trust-Thrift-Plan/
---------------------------------------------------------------------------- 29 26 GlaxoSmithKline Retirement Savings Plan Philadelphia, 85.62 PA http://www.brightscope.com/401k-rating/105123/Glaxosmithkline-Llc/106678/
Glaxosmithkline-Retirement-Savings-Plan/
---------------------------------------------------------------------------- 30 4 Deloitte Profit Sharing Plan New York, NY 85.60 http://www.brightscope.com/401k-rating/54979/Deloitte-Llp/482510/
Deloitte-Profit-Sharing-Plan/
----------------------------------------------------------------------------

The company has rated more than 46,000 retirement plans, spanning 30 million workers and $2 trillion in assets, and provided information on more than 770,000 financial advisors. 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.

For more information please visit www.brightscope.com.

About BrightScope

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 more than 770,000 financial advisors and nearly 45,000 advisory firms are available for free at www.brightscope.com.

Jen Harding
Atomic PR
415-593-1400
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
DevOps at Cloud Expo – being held June 5-7, 2018, at the Javits Center in New York, NY – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Among the proven benefits,...
@DevOpsSummit at Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, is co-located with 22nd Cloud Expo | 1st DXWorld Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
SYS-CON Events announced today that T-Mobile exhibited at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on qua...
SYS-CON Events announced today that Cedexis will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cedexis is the leader in data-driven enterprise global traffic management. Whether optimizing traffic through datacenters, clouds, CDNs, or any combination, Cedexis solutions drive quality and cost-effectiveness. For more information, please visit https://www.cedexis.com.
SYS-CON Events announced today that Google Cloud has been named “Keynote Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Companies come to Google Cloud to transform their businesses. Google Cloud’s comprehensive portfolio – from infrastructure to apps to devices – helps enterprises innovate faster, scale smarter, stay secure, and do more with data than ever before.
SYS-CON Events announced today that Vivint to exhibit at SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California. As a leading smart home technology provider, Vivint offers home security, energy management, home automation, local cloud storage, and high-speed Internet solutions to more than one million customers throughout the United States and Canada. The end result is a smart home solution that sav...
SYS-CON Events announced today that Opsani will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Opsani is the leading provider of deployment automation systems for running and scaling traditional enterprise applications on container infrastructure.
SYS-CON Events announced today that Nirmata will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nirmata provides a comprehensive platform, for deploying, operating, and optimizing containerized applications across clouds, powered by Kubernetes. Nirmata empowers enterprise DevOps teams by fully automating the complex operations and management of application containers and its underlying ...
SYS-CON Events announced today that Opsani to exhibit at SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California. Opsani is creating the next generation of automated continuous deployment tools designed specifically for containers. How is continuous deployment different from continuous integration and continuous delivery? CI/CD tools provide build and test. Continuous Deployment is the means by which...