Click here to close now.

Welcome!

Search Authors: Elizabeth White, JP Morgenthal, AppDynamics Blog, XebiaLabs Blog, Pat Romanski

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
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. 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 Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th 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 an...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines...
SYS-CON Events announced today that the "First Containers & Microservices Conference" will take place June 9-11, 2015, at the Javits Center in New York City. The “Second Containers & Microservices Conference” will take place November 3-5, 2015, at Santa Clara Convention Center, Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
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 will peel 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 environment, and we must architect and code accordingly. At the very least, you'll have no problem fil...
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps 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 today!
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefits. The Modern Enterprise model is presented as a newer way to think of enterprise IT, which takes a more holistic approach to embracing modern technologies.
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, 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. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
The Workspace-as-a-Service (WaaS) market will grow to $6.4B by 2018. In his session at 16th Cloud Expo, Seth Bostock, CEO of IndependenceIT, will begin by walking the audience through the evolution of Workspace as-a-Service, where it is now vs. where it going. To look beyond the desktop we must understand exactly what WaaS is, who the users are, and where it is going in the future. IT departments, ISVs and service providers must look to workflow and automation capabilities to adapt to growing demand and the rapidly changing workspace model.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. He discussed opportunities and challenges ahead for the IoT from a market and technical point of vie...
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.