Welcome!

Cognitive Computing Authors: Liz McMillan, Pat Romanski, Astadia CloudGPS, Kevin Benedict, Kevin Jackson

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
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In the enterprise today, connected IoT devices are everywhere – both inside and outside corporate environments. The need to identify, manage, control and secure a quickly growing web of connections and outside devices is making the already challenging task of security even more important, and onerous. In his session at @ThingsExpo, Rich Boyer, CISO and Chief Architect for Security at NTT i3, discussed new ways of thinking and the approaches needed to address the emerging challenges of security i...
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, discussed the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information.
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
SYS-CON Events announced today that Massive Networks 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. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
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, will examine the regulations and provide insight on how it affects technology, challenges the established rules and will usher in new levels of diligence...
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze 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. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
SYS-CON Events announced today that DXWorldExpo has been named “Global 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. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" 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. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that DXWorldExpo has been named “Global 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. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, discussed the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insights from the vast t...