SOURCE: BrightScope

BrightScope

November 18, 2015 09:00 ET

BrightScope Announces the Top 25 Chicago Area Companies With the Best 401k Plans

Seyfarth Shaw LLP Holds the Top Spot on This Year's List, Followed Closely by Astellas US LLC

SAN DIEGO, CA--(Marketwired - Nov 18, 2015) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced the ranking of Chicago area companies with the highest rated 401k plans containing more than $100 million in assets.

"The strong showing of companies in this year's Chicago list proves the area's employers make it a priority to offer quality retirement benefits," said Brooks Herman, Head of Data & Research at BrightScope. "A top ranking 401k plan is an indicator that the company values its employees and works hard to set them up for a successful financial future."

Noteworthy findings in the 2015 Chicago 401k Plans list include:

  • Average account balance for plans listed is $208,092.05
  • Average participation rate for plans on the list is 93.62 percent
  • Average company generosity for plans listed is $11,178.25; the median is $10,138
  • Average salary deferral for plans listed is $9,709.98; the median is $10,127
  • Top funds by total distribution (rounded to the nearest million) held in Chicago's Top 25 401k plans are:

1. Vanguard Institutional Index -- 10 plans -- $831M
2. American Funds Growth Fund of America -- 2 plans -- $327M
3. American Funds EuroPacific Growth -- 8 plans -- $322M
4. PIMCO Total Return -- 17 plans -- $269M
5. Vanguard Extended Market Index -- 3 plans -- $223M

Top 25 Chicago area companies with the highest ranked 401k plans containing more than $100 million in assets:

Company -- Plan Name -- BrightScope Rating

1. Seyfarth Shaw LLP -- Seyfarth Shaw LLP Retirement Plan for Partners -- 89.95

2. Astellas US LLC -- Astellas US Retirement and Savings Plan -- 89.45

3. William Blair & Company, LLC -- William Blair & Company Deferred Profit Sharing Plan -- 88.13

4. Kirkland & Ellis LLP -- Kirkland & Ellis LLP Defined Contribution 401K Savings Plan -- 87.99

5. Vedder Price, P.C. -- Vedder Price, P.C. Profit Sharing and Retirement Plan -- 87.53

6. McDermott, Will & Emery, LLP -- MW&E Savings and Retirement Plan -- 87.33

7. Tellabs Operations, Inc. -- Tellabs 401(k) Plan -- 86.89

8. Takeda Pharmaceuticals U.S.A., Inc. -- Takeda Pharmaceuticals U.S.A., Inc. Savings and Retirement Plan -- 86.89

9. The HAVI Group Limited Partnership -- The HAVI Group Limited Partnership Profit Sharing and Savings Plan -- 86.88

10. Jenner & Block -- Jenner & Block Profit Sharing Plan - #201 -- 86.83

11. Katten Muchin Rosenman LLP -- Katten Muchin Rosenman LLP Defined Contribution Plan -- 86.57

12. Bain & Company, Inc. -- Bain & Company, Inc. 401(k) Savings Plan -- 86.34

13. Motorola Mobility, Inc. -- Motorola Mobility 401(k) Plan -- 86.26

14. Griffith Laboratories, Inc. -- Griffith Supplemental Retirement and Savings Plan -- 85.77

15. A.T. Kearney, Inc. -- A.T. Kearney, Inc. 401k and Profit Sharing Retirement Plan -- 85.66

16. Shure Incorporated -- Shure Associates' 401(k) Savings and Profit Sharing Plan -- 85.43

17. AbbVie Inc. -- AbbVie Savings Plan -- 85.30

18. Great Lakes Dredge & Dock Company, LLC -- Great Lakes Dredge & Dock Company, LLC 401(k) Savings Plan -- 85.10

19. Wiss, Janney, Elstner Associates, Inc. -- Wiss, Janney, Elstner Associates, Inc. 401(k) Plan -- 85.05

20. Winston & Strawn LLP -- Winston & Strawn LLP Retirement Plan -- 84.99

21. Baker & McKenzie LLP -- Baker & McKenzie (Illinois) Profit Sharing and 401(k) Plan -- 84.98

22. Citadel LLC -- Citadel LLC Retirement Savings Plan -- 84.90

23. SunCoke Energy, Inc. -- SunCoke 401(k) Plan -- 84.87

24. Neal, Gerber & Eisenberg LLP -- Neal, Gerber & Eisenberg Profit Sharing/401(k) Plan -- 84.75

25. Heidrick & Struggles, Inc. -- Heidrick & Struggles, Inc. 401(k) Profit Sharing and Retirement Plan -- 84.32

Note: This data is accurate as of November 10, 2015.

Investors can find more information about the funds that make up their 401k plan at BrightScope Fund Pages: http://www.brightscope.com/fund-pages/

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 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.

BrightScope has rated nearly 50,000 401k and 403b plans, spanning more than 57 million workers and over $3 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 cloud-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 nearly 50,000 retirement plans as well as rating definitions, criteria and methodologies, and information on more than 680,000 financial advisors and nearly 33,000 active advisory firms are available for free at www.brightscope.com.