SOURCE: BrightScope

BrightScope

December 20, 2011 05:00 ET

BrightScope Announces Its Third Annual Year-End Top 30 401k Plans List

Southwest Airlines Co. Jumps to No. 1; Google's Plan Surpasses $1B in Assets and Makes the List for the First Time, Coming in at No. 19

SAN DIEGO, CA--(Marketwire - Dec 20, 2011) - BrightScope (www.brightscope.com), the leading provider of independent retirement plan ratings and investment research, is proud to announce the third annual BrightScope Year‐End Top 30 Ratings List covering 401k plans with more than $1 billion 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.

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.

"There is no doubt that access to better evaluation tools and information on retirement plans has had a positive effect on the overall quality of plans available to employees," said Mike Alfred, CEO and co-founder of BrightScope. "The average rating of the plans on this year's Top 30 List increased more than 75 basis points over 2010. This tells us that plan sponsors are using data more effectively, conducting better due diligence, and making superior overall decisions. Ultimately these improvements will lead to a more financially secure future for American workers."

Noteworthy findings in the 2011 Year-End Top 30 401k Plans List include:

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

2011 Rank 2010 Rank Plan Name U.S. Headquarters BrightScope Rating™
1 3 Southwest Airlines Pilots' Retirement Savings Plan Dallas, TX 90.83
2 1 The Savings Plan of Saudi Arabian Oil Company Houston, TX 90.82
3 N/A Wellington Retirement and Pension Plan Boston, MA 90.13
4 N/A Deloitte Profit Sharing Plan New York, NY 89.91
5 5 United Airlines Pilot Directed Account Plan Chicago, IL 89.11
6 4 Amgen Retirement and Savings Plan Thousand Oaks, CA 88.99
7 6 Employees Savings and Retirement Plan of Credit Suisse New York, NY 88.44
8 16 Novartis Pharmaceuticals Corporation Investment Savings Plan East Hanover, NJ 88.16
9 2 Southern California Permanente Medical Group Retirement Plan Pasadena, CA 87.57
10 7 Bayer Corporation Savings and Retirement Plan Pittsburgh, PA 87.37
11 N/A Bristol-Myers Squibb Company Savings and Investment Program New York, NY 87.23
12 13 ExxonMobil Savings Plan Houston, TX 87.07
13 18 Chevron Employee Savings Investment Plan San Ramon, CA 87.03
14 14 Sanofi-Aventis US Savings Plan Bridgewater, NJ 86.96
15 N/A BASF Corporation Retirement Savings Plan Florham Park, NJ 86.95
16 17 Bechtel Trust & Thrift Plan San Francisco, CA 86.76
17 N/A Ernst & Young Partnership Retirement Plan Secaucus, NJ 86.65
18 15 Anadarko Employee Savings Plan The Woodlands, TX 86.64
19 N/A Google Inc. 401k Savings Plan Mountain View, CA 86.61
20 19 Genentech, Inc. Tax Reduction Investment Plan South San Francisco, CA 86.36
21 21 ConocoPhillips Savings Plan Bartlesville, OK 86.30
22 12 IBM 401k Plus Plan Armonk, NY 86.28
23 8 BP Employee Savings Plan Houston, TX 86.26
24 24 Shell Provident Fund Houston, TX 86.23
25 29 AstraZeneca Savings and Security Plan Wilmington, DE 85.92
26 26 GlaxoSmithKline Retirement Savings Plan Philadelphia, PA 85.79
27 11 UBS Savings and Investment Plan New York, NY 85.39
28 23 Federal Express Corporation Pilots' Retirement Savings Plan Memphis, TN 85.26
29 28 Goldman Sachs 401k Plan New York, NY 85.25
30 N/A The Vanguard Retirement and Savings Plan Malvern, PA 85.20

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.

For more information please visit www.brightscope.com.

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 more than 450,000 financial advisors are available for free at www.brightscope.com.

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