SOURCE: BrightScope

BrightScope

March 25, 2013 12:14 ET

BrightScope Announces Fourth Annual Top 25 List of Atlanta-Based Companies With the Best 401k Plans

BrightScope CEO Will Speak and Highlight List at Plan Sponsor Consultants Breakfast With Benefits at Atlanta's Ritz-Carlton, Buckhead

SAN DIEGO, CA--(Marketwire - Mar 25, 2013) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced its fourth annual list of the top Atlanta-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.

"Atlanta should be very proud of the ratings on this year's list because the scores improved significantly, demonstrating that local companies are actively working to improve their 401k plans," said Mike Alfred, CEO and co-founder of BrightScope. "By quantifying 401k plan quality, BrightScope recognizes and highlights the companies that are delivering secure retirement outcomes to Atlanta workers."

Noteworthy findings in the 2013 Top 25 Atlanta 401k Plans list include:

  • Last year's list rating spectrum ranged from 86.81 to 80.95, while this year's list scored between 87.68 to 82.03
  • This year's No. 3, Oglethorpe Power Corporation, and No. 5, RSUI Indemnity Company made its first appearances this year
  • Increase in rankings: Eight of the 25 plans moved up on this year's list, including IVZ, Inc. from 5th to 3rd, Arnall Golden Gregory LLP from 7th to 4th, and The North Highland Company from 14th to 6th
  • Decrease in ranking: Ten of the 25 plans moved down on this year's list, including Georgia Transmission Corporation from 2nd to 8th, Smith, Gambrell & Russell, LLP from 8th to 10th, and Troutman Sanders LLP from 12th to 14th
  • Holding strong: Four companies ranked the same on this year's list: AXIS Specialty U.S. Services, Inc. (No. 1), Alston & Bird, LLP (No. 9), Delta Air Lines, Inc. (No. 11), and Institute of Nuclear Power Operations (No. 21)
  • Colonial Pipeline Company, Travelport Inc., and ARRIS Group, Inc., respectively ranked 22nd, 24th, and 25th last year, did not make this year's list due to low BrightScope Ratings

Company - Plan Name - BrightScope Rating

1. AXIS Specialty U.S. Services, Inc. - AXIS Specialty U.S. Services, Inc. 401(k) Plan - 87.68

2. IVZ, Inc. - Invesco 401(k) Plan - 87.44

3. Oglethorpe Power Corporation - Oglethorpe Power Corporation Retirement Plan - 87.31

4. Arnall Golden Gregory LLP - Arnall Golden Gregory LLP Self Employed Persons Retirement Plan - 87.14

5. RSUI Indemnity Company - RSUI 401(k)/Retirement Savings Plan - 86.59

6. The North Highland Company - The North Highland Company Employee Stock Ownership Plan - 86.50

7. Northside Anesthesiology Consultants, LLC - Northside Anesthesiology Consultants, LLC 401k Profit Sharing Plan - 85.99

8. Georgia Transmission Corporation - Georgia Transmission Corporation Retirement Plan - 85.99

9. Alston & Bird, LLP - A&B Retirement Plan - 85.63

10. Smith, Gambrell & Russell, LLP - The Smith, Gambrell & Russell Partner-Staff 401(k) Profit Sharing Plan - 85.24

11. Delta Air Lines, Inc. - Delta Pilot Savings Plan - 84.84

12. Morris, Manning & Martin, LLP - MMM Partner/Staff Plan - 84.73

13. UCB Holdings, Inc. - UCB, Inc. 401(k) Retirement Plan - 84.57

14. Troutman Sanders LLP - Troutman Sanders LLP Cash or Deferred Profit Sharing Plan - 84.31

15. Kurt Salmon Associates, Inc. - Kurt Salmon Associates, Inc. Compensation Deferral Plan - 84.12

16. IntercontinentalExchange, Inc. - IntercontinentalExchange, Inc. 401(k) and Profit Sharing Plan - 84.12

17. Delta Air Lines, Inc. - Delta Pilots Defined Contribution Plan - 84.00

18. King & Spalding LLP - King & Spalding LLP Profit Sharing - 401(k) Plan - 83.76

19. McKenna Long & Aldridge LLP - McKenna Long & Aldridge LLP Profit Sharing Plan - 83.54

20. ING Life Insurance and Annuity Co. - ING 401(k) Plan for ILIAC Agents - 82.91

21. Institute of Nuclear Power Operations - Institute of Nuclear Power Operations 401(k) Retirement Savings Plan - 82.65

22. Sony Ericsson Mobile Communications USA, Inc. - Sony Ericsson 401(k) and Savings Plan - 82.64

23. CedarCrestone, Inc. - CedarCrestone 401(k) Plan - 82.44

24. Fisher and Phillips LLP - Fisher and Phillips LLP Savings and Profit Sharing Plan - 82.42

25. Kemira Chemicals, Inc. - Kemira Group 401(k) and Profit Sharing Plan - 82.03

On April 18, Mr. Alfred will be speaking at the Plan Sponsor Consultants Breakfast with Benefits seminar at the Ritz Carlton, Buckhead in Atlanta where he will be discussing a variety of topics relating to America's 401k program, including Atlanta's fourth annual Top 25 401k Plans list. This event is the 21st in a series of Breakfast with Benefits sponsored by Plan Sponsor Consultants, a 2013 ASPPA/NAPA 401(k) Advisor Leadership Award Finalist, and Frazier & Deeter, a nationally ranked top 100 CPA and Advisory firm headquartered in Atlanta, Georgia that provides a full spectrum of audit, tax and advisory services (www.frazierdeeter.com). To register for the event, please go www.plansponsorconsultants.com/RSVP.

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.

About BrightScope
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 www.brightscope.com.

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