SOURCE: BrightScope

BrightScope

July 14, 2015 11:00 ET

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

Oregon Anesthesiology Group and Stoel Rives LLP Hold Down the Top Two Spots; Seven New Companies Join the List

SAN DIEGO, CA--(Marketwired - Jul 14, 2015) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced the ranking of Portland, Oregon companies with the highest rated 401k plans containing more than $100 million in assets.

"Top rated companies in Portland are exceeding expectations when it comes to improving employee retirement plan offerings," said Brooks Herman, Head of Data & Research at BrightScope. "The most progressive employers realize that people are increasingly interested in being better prepared for their financial future -- and they responding to the demand by providing higher quality 401k plans."

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

  • Holding it Down: Oregon Anesthesiology Group, P.C. and Stoel Rives LLP remain at No.1 and No. 2, respectively, while further increasing plan quality

  • Warm Welcome: Iberdrola Renewables (No. 3), Cambia Health Solutions, Inc. (No. 6), Daimler Trucks North America LLC (No. 9), FEI Company (No. 11), The Oregon Clinic, P.C. (No. 12), The Vancouver Clinic, Inc. (No. 13) and Cascade Corporation (No. 16)

  • Welcome Back: Mentor Graphics Corporation (No. 4), Portland General Electric (No. 5), PacifiCorp (No. 7), Detroit Diesel Corporation (No. 8), Northwest Natural Gas Company (No. 10), TriQuint Semiconductor, Inc. (No. 14), Standard Insurance Company (No. 15), Siltronic Corporation (No. 17), Salem Health (No. 18), Adidas America, Inc. (No. 19), Hoffman Corporation (No. 20), NIKE, Inc. (No. 21), ESCO Corporation (No.22), Con-Way Inc. (No.23) and Blount International, Inc. (No. 24)

  • Average account balance for plans listed is $158,194.86

  • Average participation rate for plans on the list is 93.73 percent

  • Average company generosity for plans listed is $7,559.65; the median is $5,331

  • Average salary deferral for plans listed is $5,934.94; the median is $5,811

  • Top funds by total distribution held in Portland's Top 25 401k plans are:

1. Pimco Total Return - 16 plans - $393M
2. Vanguard Institutional Index - 7 plans - $263M
3. Dodge & Cox Balanced - 2 plans - $231M

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

Company - Plan Name - BrightScope Rating 

1. Oregon Anesthesiology Group, P.C. - Oregon Anesthesiology Group, P.C. 401(k) Profit Sharing Plan - 92.51

2. Stoel Rives LLP - Stoel Rives Retirement Plan - 86.79

3. Iberdrola Renewables - Iberdola Renewables 401(k) Plan - 84.82

4. Mentor Graphics Corporation - Mentor Graphics Individual Deferred Tax And Savings Plan - 82.87

5. Portland General Electric - Portland General Electric 401(k) Savings Plan - 82.10

6. Cambia Health Solution, Inc. - Cambia Heath Solution, Inc. 401(k) Savings Plan - 81.50

7. PacifiCorp - PacifiCorp K Plus Employee Savings Plan - 81.15

8. Detroit Diesel Corporation - The Employees' Savings Plan Of Detroit Diesel Corporation - 81.09

9. Daimler Trucks North America LLC - Daimler Trucks North America LLC Employee Retirement Savings Plan - 80.88

10. Northwest Natural Gas Company - Northwest Natural Gas Company Retirement K Savings Plan - 80.26

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

To view the complete list of the Top 25 Portland area companies with the best 401k plans in the United States, visit the BrightScope Blog at: http://blog.brightscope.com/2015/07/14/top-25-portland-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.