SOURCE: BrightScope

December 08, 2009 09:00 ET

BrightScope Releases the 2009 Top 30 401k Plans List

Lockheed Martin, Southwest Airlines, IBM, FedEx, Bayer, and Chevron Are Among the Top 401k Plans in BrightScope's First Year-End Ratings List

SAN DIEGO, CA--(Marketwire - December 8, 2009) - BrightScope (www.brightscope.com), a leading provider of independent retirement plan ratings and investment research, is proud to announce its first BrightScope Year-End Top 30 Ratings List covering 401k plans with more than $1B in assets. BrightScope obtains an increasing amount of its data directly from plan sponsors and recordkeepers, 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.

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 calculates 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.

"We're pleased to release the first BrightScope end of year Top 30 List because it is an opportunity to recognize companies that have done an outstanding job designing 401k plans that drive successful retirement outcomes for their employees," said Mike Alfred, CEO and co-founder of BrightScope. "These top 30 401k plans demonstrate the best of the best when it comes to fee structures, company generosity, participation rates, salary deferrals, and other quantitative factors."

The first company to top the BrightScope Year-End Ranking is Saudi Arabian Oil Company, with a BrightScope Rating of 92.89, followed closely by UAL Corporation (United Airlines Pilot Directed Account Plan), rated 90.59. Rounding out the third spot is Wellington Management Company, LLP, currently rated 88.66.

The entire list of the Top 30 401k Plans with more than $1 Billion in assets include:

Plan Name                                          Rating     Location
-------------------------------------------------  ------ -----------------
1. The Savings Plan of Saudi Arabian Oil Company    92.89       Houston, TX
http://www.brightscope.com/401k-rating/437686/Saudi-Arabian-Oil-Company/443
449/The-Savings-Plan-Of-Saudi-Arabian-Oil-Company/
-------------------------------------------------  ------ -----------------
2. United Airlines Pilot Directed Account Plan      90.59       Chicago, IL
http://www.brightscope.com/401k-rating/167103/Ual-Corporation/169723/United
-Airlines-Pilot-Directed-Account-Plan/
-------------------------------------------------  ------ -----------------
3. Wellington Retirement and Pension Plan           88.66        Boston, MA
http://www.brightscope.com/401k-rating/13617/Wellington-Management-Company
-Llp/13804/Wellington-Retirement-And-Pension-Plan/
-------------------------------------------------  ------ -----------------
4. Southwest Airlines Pilots Retirement Savings
   Plan                                             86.68        Dallas, TX
http://www.brightscope.com/401k-rating/343176/Southwest-Airlines-Co/348002/
Southwest-Airlines-Pilots-Retirement-Savings-Plan/
-------------------------------------------------  ------ -----------------
5. SchwabPlan Retirement Savings and Investment
   Plan                                             86.15 San Francisco, CA
http://www.brightscope.com/401k-rating/417864/The-Charles-Schwab-Corporati
on/423348/Schwabplan-Retirement-Savings-And-Investment-Plan/
-------------------------------------------------  ------ -----------------
6. ConocoPhillips Savings Plan                      86.13  Bartlesville, OK
http://www.brightscope.com/401k-rating/338447/Conocophillips-Company/343236
/Conocophillips-Savings-Plan/
-------------------------------------------------  ------ -----------------
7. Chevron Employee Savings Investment Plan         86.04     San Ramon, CA
http://www.brightscope.com/401k-rating/410674/Chevron-Corporation/416040/C
hevron-Employee-Savings-Investment-Plan/
-------------------------------------------------  ------ -----------------
8. ExxonMobil Savings Plan                          85.84       Houston, TX
http://www.brightscope.com/401k-rating/55063/Exxon-Mobil-Corporation/55974
/Exxonmobil-Savings-Plan/
-------------------------------------------------  ------ -----------------
9. Employees' Savings and Retirement Plan of
   Credit Suisse Securities (USA), LLC              85.83      New York, NY
http://www.brightscope.com/401k-rating/26606/Credit-Suisse-Securities-Usa-L
lc/26928/Employees-Savings-And-Retirement-Plan-Of-Credit-Suisse-Securities-
Usa-Llc/
-------------------------------------------------  ------ -----------------
10. Amgen Retirement and Savings Plan               85.69 Thousand Oaks, CA
http://www.brightscope.com/401k-rating/429237/Amgen-Inc/434884/Amgen-Retire
ment-And-Savings-Plan/
-------------------------------------------------  ------ -----------------
11. Nucor Corporation Profit Sharing and
    Retirement Savings Plan                         85.61     Charlotte, NC
http://www.brightscope.com/401k-rating/43962/Nucor-Corporation/44605/Nucor
-Corporation-Profit-Sharing-And-Retirement-Savings-Plan/
-------------------------------------------------  ------ -----------------
12. BP Employee Savings Plan                        85.43       Houston, TX
http://www.brightscope.com/401k-rating/164763/Bp-Corporation-North-America
-Inc/167290/Bp-Employee-Savings-Plan/
-------------------------------------------------  ------ -----------------
13. Pharmacia Savings Plan - Pfizer Inc.            85.01      Peakpack, NJ
http://www.brightscope.com/401k-rating/55026/Pfizer-Inc/55931/Pharmacia-Sa
vings-Plan/
-------------------------------------------------  ------ -----------------
14. PACCAR Inc Savings Investment Plan              84.77      Bellevue, WA
http://www.brightscope.com/401k-rating/393943/Paccar-Inc/399138/Paccar-Inc-
Savings-Investment-Plan/
-------------------------------------------------  ------ -----------------
15. The Cargill Partnership Plan                    83.58   Minneapolis, MN
http://www.brightscope.com/401k-rating/209421/Cargill-Incorporated/212912/
The-Cargill-Partnership-Plan/
-------------------------------------------------  ------ -----------------
16. Textron Savings Plan                            83.57    Providence, RD
http://www.brightscope.com/401k-rating/24881/Textron-Inc/25187/Textron-Savi
ngs-Plan/
-------------------------------------------------  ------ -----------------
17. Valero Energy Corporation Thrift Plan           83.53   San Antonio, TX
http://www.brightscope.com/401k-rating/343878/Valero-Energy-Corporation/348
710/Valero-Energy-Corporation-Thrift-Plan/
-------------------------------------------------  ------ -----------------
18. Freescale 401(k) Retirement Savings Plan        82.68        Austin, TX
http://www.brightscope.com/401k-rating/69287/Freescale-Semiconductor-Inc/70
395/Freescale-401K-Retirement-Savings-Plan/
-------------------------------------------------  ------ -----------------
19. The 401(k) Savings and PSP of The
    McGraw-Hill, Inc. and its Subsidiaries          82.56      New York, NY
http://www.brightscope.com/401k-rating/43309/The-Mcgraw-Hill-Companies-Inc/
43888/The-401K-Savings-And-Psp-Of-The-Mcgraw-Hill-Inc-And-Its-Subsidiaries/
-------------------------------------------------  ------ -----------------
20. Bayer Corporation Savings and Retirement Plan   82.52    Pittsburgh, PA
http://www.brightscope.com/401k-rating/119949/Bayer-Corporation/121795/Baye
r-Corporation-Savings-And-Retirement-Plan/
-------------------------------------------------  ------ -----------------
21. UBS Savings and Investment Plan                 82.49      Stamford, CT
http://www.brightscope.com/401k-rating/437794/Ubs-Ag/443559/Ubs-Savings-
And-Investment-Plan/
-------------------------------------------------  ------ -----------------
22. Schering-Plough Employees' Savings Plan         82.42    Kenilworth, NJ
http://www.brightscope.com/401k-rating/90393/Schering-Plough-Corporation/91
719/Schering-Plough-Employees-Savings-Plan/
-------------------------------------------------  ------ -----------------
23. GlaxoSmithKline Retirement Savings Plan         82.21  Philadelphia, PA
http://www.brightscope.com/401k-rating/105123/Smithkline-Beecham-Corporati
on/106678/Glaxosmithkline-Retirement-Savings-Plan/
-------------------------------------------------  ------ -----------------
24. Motorola, Inc. 401(k) Plan                      82.16    Schaumburg, IL
http://www.brightscope.com/401k-rating/164387/Motorola-Inc/166896/Motorola-
Inc-401K-Plan/
-------------------------------------------------  ------ -----------------
25. Avaya Inc. Savings Plan for Salaried
    Employees                                       82.13 Basking Ridge, NJ
http://www.brightscope.com/401k-rating/103392/Avaya-Inc/104900/Avaya-Inc-Sa
vings-Plan-For-Salaried-Employees/
-------------------------------------------------  ------ -----------------
26. Nortel Networks Long-Term Investment Plan       81.57     Nashville, TN
http://www.brightscope.com/401k-rating/12031/Nortel-Networks-Corporation/12
163/Nortel-Networks-Long-Term-Investment-Plan/
-------------------------------------------------  ------ -----------------
27. Federal Express Corporation Pilots'
    Retirement Savings Plan                         81.34       Memphis, TN
http://www.brightscope.com/401k-rating/331310/Fedex-Corporation/336046/Fede
ral-Express-Corporation-Pilots-Retirement-Savings-Plan/
-------------------------------------------------  ------ -----------------
28. IBM Savings Plan                                81.29        Armonk, NY
http://www.brightscope.com/401k-rating/43285/International-Business-Machine
s-Corporation/43863/Ibm-Savings-Plan/
-------------------------------------------------  ------ -----------------
29. Lockheed Martin Corporation Salaried Savings
    Plan                                            81.26      Bethesda, MD
http://www.brightscope.com/401k-rating/252283/Lockheed-Martin-Corporation/2
56362/Lockheed-Martin-Corporation-Salaried-Savings-Plan/
-------------------------------------------------  ------ -----------------
30. General Dynamics Corporation Savings and
    Stock Investment Plan (Plan 4.5)                81.05  Falls Church, VA
http://www.brightscope.com/401k-rating/43621/General-Dynamics-Corporation/4
73051/General-Dynamics-Corporation-Savings-And-Stock-Investment-Plan-Plan-
45/
-------------------------------------------------  ------ -----------------

BrightScope has rated more than 26,000 401k plans, spanning more than 30 million workers and over $1.9 trillion in assets. The BrightScope Rating covers small plans with assets of $50,000 through large plans with more than $30 billion, and can be found at its public disclosure Web site: www.BrightScope.com. The company is working to rate more than 30,000 plans by the end of 2009.

About BrightScope

BrightScope is committed to helping America's workforce retire in dignity. BrightScope is an independent data analytics software 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.

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