SAN DIEGO, CA — (Marketwire) — 05/31/12 — BrightScope (), a leading provider of independent financial information and investment research, today announced its second annual list of the top Phoenix area-based companies with the highest ranked 401k plans containing more than $100 million in assets. This year BrightScope has extended the list to include the top 25 companies.
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.
“We continue to release the Top 25 401k plan lists in various cities to recognize the dedication and commitment these companies have to their employees- financial well-being,” said Dan Weeks, founder and COO of BrightScope. “401k plans can be one of the most influential and effective ways to help America-s workforce retire in dignity, and at BrightScope we have dedicated our work to supplying the essential information to help make that happen.”
Noteworthy findings in the 2012 Top 25 Phoenix area-based 401k Plans list include:
JDA Software, Inc. and Henkel of America, Inc. make their first appearances on the list as the No. 1 and No. 2 spot, respectively
Formerly ranked No. 1 ON Semiconductor Corporation falls down two spots to No. 3 and previously ranked No. 1 US Airways, Inc. drops 9 spots to No. 13
Other decreases in ranking: Snell & Wilmer L.L.P. drops one spot from No. 3 to No. 4 in this year-s list; Pinnacle West Capital Corporation falls six places from 4th to 10th; Salt River Valley Water Users Association drops four positions from No. 5 to No. 9; Avnet, Inc. slides down 15 spots from 7th to 22nd
Banner Health, formerly ranked No. 10, falls off the list completely this year
First Appearances: ASML US, Inc., America West Holdings Corporation, The TriZetto Group, Inc., Ports America and Phoenix Children-s Hospital among others, make their first appearance on this year-s list
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JDA Software, Inc. – – 83.64
Henkel of America, Inc. – – 81.59
ON Semiconductor – – 81.14
Snell & Wilmer L.L.P. – – 79.57
US Airways, Inc. – – 79.34
ASML US, Inc. – – 79.24
America West Holdings Corporation – – 77.31
The TriZetto Group, Inc. – – 77.04
Salt River Valley Water Users Association – – 76.79
Pinnacle West Capital Corporation – – 76.77
Ports America – – 76.16
Freeport-McMoRan Copper & Gold, Inc. – – 75.20
US Airways, Inc. – – 75.16
Blue Cross and Blue Shield of Arizona, Inc. – – 74.94
APL Limited – – 73.74
Stantec Consulting, Inc. – – 73.71
Landmark Aviation – – 73.15
Karsten Manufacturing Corporation – – 72.41
Microchip Technology, Inc. – – 71.27
Phoenix Children-s Hospital – – 70.80
Viad Corp Capital Accumulation Plan – – 69.32
Avnet, Inc. – – 67.38
Services Group of America, Inc. – – 67.28
RSC Equipment Rental, Inc. – – 66.95
Republic Services, Inc. – – 66.29
BrightScope-s 401k plan Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. Analyzing more than 200 individual data points, the BrightScope Rating algorithm can calculate a single numerical score for each 401k plan in the country. 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 plans, spanning more than 30 million workers and over $2 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.
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 700,000 financial advisors and 45,000 advisory firms are available for free at .
Katie Carlson
Atomic PR for BrightScope
415-593-1400