SAN DIEGO, CA — (Marketwire) — 05/11/12 — BrightScope (), a leading provider of independent financial information and investment research, today announced its second annual list of San Diego area-based companies with 401k plans containing more than $100 million in assets. This year BrightScope expanded the list to include all San Diego area-based plans that fall into this category — 21 in total.
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 are proud that BrightScope can be associated with the companies included on this list and say that we call the San Diego area home,” said Dan Weeks, founder and COO of BrightScope. “It is great to see top companies remain on this list as well as welcome the handful of newcomers. In the financial industry marketplace there is always room to improve and create better offerings for employees and I am confident the companies on this list, along with other local-based businesses, are striving to do that each and every day.”
Noteworthy findings in the 2012 San Diego area-based 401k Plans list include:
Anesthesia Service Medical Group, Inc., Scripps Clinic Medical Group, Inc., Sempra Energy and Qualcomm Incorporated keep the same rank in the top four spots in this year-s list
San Diego Gas & Electric Company falls from No. 5 to No. 7, while Cubic Corporation also drops two spots from No. 6 to No. 8 in this year-s list
Life Technologies Corporation jumps from 8th to 6th this year with a rating increase of more than 7 points
Callaway Golf Company slips 9 places from No. 7 to No. 16; Southern California Gas Company falls 5 ranks from No. 9 to No. 14; General Atomics moves down 8 places from No. 10 to No. 18
CareFusion Corporation makes it first appearance on the list at No. 5, while Amylin Pharmaceuticals, Inc. (No. 9) and Brandes Investment Partners, L.P. (No. 10) also join the list to round out the Top 10
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Anesthesia Service Medical Group, Inc. – – 91.90
Scripps Clinic Medical Group, Inc. – – 89.11
Sempra Energy – – 83.68
QUALCOMM Incorporated – – 82.17
CareFusion Corporation – – 81.48
Life Technologies Corporation – – 81.27
San Diego Gas & Electric Company – – 80.81
Cubic Corporation – – 80.72
Amylin Pharmaceuticals, Inc. – – 80.41
Brandes Investment Partners, L.P. – – 80.37
SAIC, Inc. – – 78.73
ViaSat, Inc. – – 78.62
The Scripps Research Institute – – 77.72
Southern California Gas Company – – 75.55
Solar Turbines Incorporated – – 75.33
Callaway Golf Company – – 75.02
Kyocera International, Inc. – – 73.47
General Atomics – – 72.59
Scripps Health – – 63.74
Sharp Healthcare – – 61.16
Jack in the Box Inc. – – 55.39
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