SOURCE: BrightScope

BrightScope

August 11, 2015 08:00 ET

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

Saudi Arabian Oil Company and BHP Holdings International, Inc. Hold the Top Two Spots; Five New Companies Join the List

SAN DIEGO, CA--(Marketwired - Aug 11, 2015) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced the ranking of Houston, Texas companies with the highest rated 401k plans containing more than $100 million in assets.

"The quality of 401k plans offered by Houston's top rated companies exceed industry standards, all with a BrightScope Rating greater than 86," said Brooks Herman, Head of Data & Research at BrightScope. "The most progressive companies realize employees are increasingly interested in being better prepared for their financial future -- and they have responded to the demand by improving the factors that make up a quality plan, such as plan costs, employee deferrals and company generosity."

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

  • Top Spots: Saudi Arabian Oil Company remains No. 1 and BHP Holdings International, Inc. jumps one spot to No. 2
  • Warm Welcome: Freeport-McMorman Oil & Gas LLC (No. 3), Americas Styrenics LLC (No. 5), BP Corporation North America Inc. (No. 7), INEOS USA, LLC (No. 13), McDermott Investments, LLC (No. 22)
  • Welcome Back: ConocoPhillips Company (No. 4), Exxon Mobil Corporation (No. 6), Phillips 66 Company (No. 8), Marathon Oil Company (No. 9), Greater Houston Anesthesiology, P.A. (No. 10), Shell Oil Company (No. 11), Anadarko Petroleum Corporation (No. 12), Baker Botts L.L.P. Plan A (No. 14), IPR-GDF SUEZ Energy North America, Inc. (No. 15), Noble Energy, Inc. (No. 16), CITGO Petroleum Corporation (No. 17), Chevron Phillips Chemical Company LP (No. 18), EOG Resources, Inc. (No. 19), Cabot Oil & Gas Corporation (No. 20), BMC Software, Inc. (No. 21), BMC Software, Inc. (No. 23), Baker Botts L.L.P. Plan B (No. 24) and Solvay America, Inc. (No. 25)
  • Average account balance for plans listed is $281,304
  • Average participation rate for plans on the list is 92.36 percent
  • Average company generosity for plans listed is $10,374; the median is $9,862
  • Average salary deferral for plans on the list is $11,260; the median is $10,490
  • Top funds by total distribution held in Houston's Top 25 401k plans are:

1. Vanguard Institutional Index -- 5 plans -- $785M
2. Fidelity Contrafund -- 6 plans -- $558M
3. Fidelity Low-Priced Stock -- 8 plans -- $540M
4. Fidelity Spartan 500 Index -- 10 plans -- $517M
5. PIMCO Total Return -- 10 plans -- $506M

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

Company -- Plan Name -- BrightScope Rating

1. Saudi Arabian Oil Company -- The Savings Plan of Saudi Arabian Oil Company -- 90.60
2. BHP Holdings International, Inc. -- BHP USA Retirement Plan -- 89.76
3. FREEPORT - MCMORAN OIL & GAS LLC -- Freeport-McMoran Oil & Gas Llc 401(K) Plan -- 88.53
4. ConocoPhillips Company -- ConocoPhillips Savings Plan -- 88.45
5. Americas Styrenics LLC -- Americas Styrenics LLC 401(k) Savings and Profit Sharing Plan -- 88.28
6. Exxon Mobil Corporation -- ExxonMobil Savings Plan -- 88.21
7. BP Corporation North America Inc. -- BP Employee Savings Plan -- 88.00
8. Phillips 66 Company -- Phillips 66 Savings Plan -- 87.57
9. Marathon Oil Company -- Marathon Oil Company Thrift Plan -- 87.20
10. Greater Houston Anesthesiology, P.A. -- Greater Houston Anesthesiology, P.A. 401(k) Profit Sharing Plan -- 86.67

Note: This data is accurate as of August 1, 2015.

To view the complete list of the Top 25 Houston area companies with the best 401k plans in the United States, visit the BrightScope Blog at: http://blog.brightscope.com/2015/08/11/top-25-houston-area-companies-with-the-best-401k-plans

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.