Welcome!

Cognitive Computing Authors: Pat Romanski, Mano Marks, Jason Bloomberg, AppNeta Blog, William Schmarzo

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
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices 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 business opportunity. Submit your speaking proposal ...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, 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 strategy.
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet and...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.