SAN DIEGO, CA — (Marketwired) — 06/11/13 — BrightScope (), a leading provider of independent financial information and investment research, today announced its third annual list of the top Washington D.C. area-based companies with the highest ranked 401k plans containing more than $100 million in assets.
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.
“It is gratifying to observe the positive changes these Washington D.C. companies have made to their plans year over year,” said Dan Weeks, Co-Founder of BrightScope. “By tracking progress with the BrightScope 401k Ratings, we can see just how companies are focusing on the components that make up their plans in an effort to maximize their employees- chance of a successful retirement.”
Noteworthy findings in the 2013 Top 25 Washington D.C. 401k Plans list include:
Triumphant Return: Scitor Corporation, absent since 2010-s list (No. 5), has launched back onto this year-s list at the No. 2 spot
Continued Improvement: From eighth place in 2010 to fifth in 2012, Covington & Burlington LLP continues to climb the list with a fourth place finish this year
Average account balance for plans listed is $158,263
95.33% is the average participation rate for plans on the list
Average company generosity for plans listed is $10,288; the median is $9,943
Average salary deferral for plans listed is $10,220; the median is $10,255
– –
1. Zeta Associates – – 91.90
2. Scitor Corporation – – 89.82
3. Advanced Technology Holding, LLC – – 89.80
4. Covington & Burling LLP – – 87.54
5. TASC, Inc. – – 87.50
6. Arnold & Porter LLP – – 86.65
7. Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P. – – 86.46
8. Hogan Lovells US LLP – – 86.22
9. Venable LLP – – 85.86
10. Federal National Mortgage Association – – 85.60
11. The AES Corporation – – 85.50
12. Federal Home Loan Mortgage Corporation – – 85.40
13. Patton Boggs LLP – – 85.35
14. Mid-Atlantic Permanente Medical Group, P.C. – – 85.23
15. Sutherland Asbill & Brennan LLP – – 85.04
16. Intelsat Corporation – – 84.96
17. The NASDAQ OMX Group, Inc. – – 84.91
18. National Education Association of the United States – – 84.62
19. DLA Piper LLP (US) – – 84.55
20. FINRA – – 84.48
21. MedImmune, LLC – – 83.90
22. Wiley Rein LLP – – 83.73
23. Northrop Grumman Corporation – – 83.60
24. Savings Board of the NFL Player Second Career Savings Plan – – 83.36
25. Thales USA, Inc. – – 83.34
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 nearly 600,000 financial advisors and nearly 40,000 advisory firms are available for free at .
Jessica Kipp
Atomic PR for BrightScope
415-593-1400