BrightScope Names the Top 25 Atlanta Area-Based Companies With the Best 401k Plans
Marketwired
SAN DIEGO, CA--(Marketwired - Mar 17, 2015) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced the fourth list of Atlanta area companies with the highest ranked 401k plans containing more than $50 million in assets.
"Companies in Atlanta reflect a national trend of businesses placing high importance on retirement options," said Brooks Herman, Head of Data & Research at BrightScope. "Across the country we see savvy businesses working hard to improve their retirement offerings to both attract top talent and to help better prepare employees for their financial future."
Noteworthy findings in the 2015 Top 25 Atlanta Area 401k Plans list include:
Staying on top: AXIS Specialty U.S. Services continues the winning streak with a fourth straight year of claiming the No. 1 spot on this list
Warm Welcome: Catlin, Inc., No. 8, Georgia System Operations Corporation, No. 9, Mölnlycke Health Care US, LLC, No. 17, and McKenna Long & Aldridge, LLP, No. 24, join the list this year
Making Moves: UCB Holdings shot up the list this year, rising from No. 16 to No. No. 2
Average account balance for plans listed is $203,715
Average participation rate for plans on the list is 94.84 percent
Average company generosity for plans listed is $11,317; the median is $11,852
Average salary deferral for plans listed is $9,394; the median is $9,914
Top 25 Atlantaareacompanies with the highest ranked 401k plans containing more than $50 million in assets:
Note: This data is accurate as of February 25, 2015.
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.
About BrightScope 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 www.brightscope.com.
