SAN DIEGO, CA — (Marketwired) — 11/05/13 — BrightScope (), a leading provider of independent financial information and investment research, today announced the Top 25 companies in the Cincinnati area 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.
“As one of the most powerful and popular retirement savings vehicles, the efficiency of 401k plans is increasingly important because most Americans rely heavily on them for future financial security,” said Dan Weeks, Co-Founder of BrightScope. “From pharmaceuticals to steel companies, these Cincinnati-based companies are helping to ensure a successful and dignified retirement for their employees.”
Noteworthy findings in the 2013 Top 25 Cincinnati 401k Plans list include:
Toyota places on its second BrightScope list year: Toyota-s Motor Engineering & Manufacturing Salaried 401(k) Plan and Trust ranked #12 on BrightScope-s and squeezes in at #25 on this list
Average account balance for plans listed is $118,143
92.95% is the average participation rate for plans on the list
Average company generosity for plans listed is $5,061; the median is $4,118
Average salary deferral for plans listed is $6,275; the median is $6,374
Top 25 Cincinnati Area companies with the highest ranked 401k plans containing more than $100 million in assets:
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1. Taft, Stettinius & Hollister LLP – – 87.43
2. ABX Air, Inc. – – 85.88
3. Teradata Corporation – – 82.07
4. Dinsmore & Shohl, LLP – – 82.03
5. Keating Muething & Klekamp PLL – – 81.89
6. Scripps Networks Interactive, Inc. – – 79.68
7. The Procter & Gamble Company – – 78.68
8. American Financial Group, Inc. – – 78.63
9. NewPage Corporation – – 78.33
10. AK Steel Corporation – – 77.87
11. GK Technologies, Incorporated – – 77.38
12. Centrica US Holdings, Inc. – – 77.33
13. Robbins and Myers, Inc. – – 76.96
14. Omya Industries, Inc. – – 76.86
15. Cincinnati Bell Inc. – – 76.85
16. The David J. Joseph Company – – 76.26
17. Dayton Power and Light Company – – 75.12
18. Kao America, Inc. – – 74.76
19. North American Stainless – – 74.20
20. Mazak Corporation – – 73.49
21. AK Steel Corporation – – 73.32
22. Patheon Pharmaceuticals Inc. – – 72.44
23. Premier Health Care Services, Inc. – – 72.35
24. Hill-Rom Holdings, Inc. – – 72.34
25. Toyota Motor Engineering & Manufacturing North America, Inc. – – 72.20
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.
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 nearly 50,000 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 .