SOURCE: BrightScope

BrightScope

August 24, 2010 09:00 ET

BrightScope Releases the Top 10 Sacramento Area-Based Companies With the Best 401k Plans

Companies Ranging From Medical Groups to Newspaper Services Are a Part of the Region's List

SAN DIEGO, CA--(Marketwire - August 24, 2010) - BrightScope (www.brightscope.com), the leading independent provider of retirement plan ratings, today announced the Top 10 Sacramento area-based companies with the highest ranked 401k plans containing more than $50 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.

"The BrightScope Rating shows companies what they are doing right and how they can improve, which is something that's not offered anywhere else," said Mike Alfred, CEO and co-founder of BrightScope. "The companies on the Sacramento list are taking the steps needed to deliver a strong 401k plan to their employees."

Top 10 Sacramento area-based companies with the highest ranked 401k plans containing more than $50 million in assets:

Company -- Plan Name -- BrightScope Rating (Rounded to the nearest whole number)

1. Sutter Medical Group, Inc. -- Sutter Medical Group 401k Profit Sharing Plan -- 90

2. California Independent System Operator Corporation. -- California Iso Retirement Savings Benefits Plan -- 86

3. Teichert, Inc. -- Teichert, Inc. Retirement Savings Plan -- 79

4. Radiological Associates Of Sacramento Medical Group, Inc. -- Radiological Associates Of Sacramento Medical Group, Inc. 401(k) Profit Sharing Plan -- 78

5. GenCorp Inc. -- GenCorp Retirement Savings Plan -- 76

6. Super Store Industries -- Super Store Industries 401(k) Plan -- 75

7. Vision Service Plan -- Vision Service Plan 401(k) Retirement Plan -- 74

8. Foster's Wine Estates Americas Company -- Foster's Wine Estates Americas Company Retirement Savings Plan -- 72

9. SureWest Communications  -- SureWest KSOP -- 70

10. The McClatchy Company -- Knight Ridder 401(k) Plan -- 65

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 more than 45,000 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. 

About BrightScope
BrightScope is committed to helping America's workforce retire in dignity. BrightScope is an independent data analytics firm that quantitatively rates 401k plans and gives employers, employees, and advisors tools to enhance plan performance and maximize retirement outlook. 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 401k plan quality at the company level. BrightScope-published ratings, rating definitions, criteria and methodologies are available on the company's public site, www.brightscope.com.

Contact Information

  • Korina Buhler
    Atomic PR for BrightScope
    415-593-1400
    Email Contact