SOURCE: BrightScope

BrightScope

April 26, 2012 09:00 ET

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

For the Third Straight Year, BrightScope CEO Will Speak and Highlight List at Plan Sponsor Consultants Breakfast With Benefits at Atlanta's Ritz Carlton Buckhead

SAN DIEGO, CA--(Marketwire - Apr 26, 2012) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced its third 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.

"This year there's a handful of new companies on the list, which means the breadth and depth of 401k plans offered to Atlanta employees is increasing, creating more reliable financial futures across the board," said Mike Alfred, CEO and co-founder of BrightScope. "Similar to what many of the companies on this list have already done, other Atlanta companies can use the BrightScope rating to learn how their plans can continue to help and support their employees."

Noteworthy findings in the 2012 Top 25 Atlanta 401k Plans list include:

  • Last year's No.1 ranked UCB Holdings, Inc. fell 14 spots to No. 15 in this year's list
  • First appearances: This year's No. 1 spot is held by AXIS Specialty U.S. Services, Inc., which is the company's first appearance on the list; Georgia Transmission Corporation and Sony Ericsson Mobile Communications USA, Inc. make their initial appearances on the list with a No.2 and No. 3 ranking respectively; ING Life Insurance and Annuity Co. is a newcomer at No. 23
  • Increase in rankings: Delta Airlines moves up from 14th to 11th making its third consecutive appearance on the list; King & Spaulding LLP moves up one spot to No. 4; Kurt Salmon Associates, Inc. moves up 7 spots from No. 17 to No. 10
  • Decrease in ranking: McKenna Long & Aldridge LLP falls 11 spots from No. 9 to No. 20; Smith, Gambrell & Russell, LLP falls from 3rd to 8th in the rankings; Alston & Bird, LLP drops 3 spots from No. 6. to No. 9
  • Formerly ranked No. 2, Mirant Services, LLC, and The Coca-Cola Company fall off the list completely this year

Company - Plan Name - BrightScope Rating

1. AXIS Specialty U.S. Services, Inc. -- AXIS 401(k) & Savings Plan -- 86.81

2. Georgia Transmission Corporation -- Georgia Transmission Corporation Retirement Plan -- 86.32

3. Sony Ericsson Mobile Communications USA, Inc. -- Sony Ericsson 401(k) and Savings Plan -- 86.09

4. King & Spalding LLP -- King & Spalding LLP Profit Sharing - 401(k) Plan -- 85.91

5. IVZ, Inc. -- Invesco 401(k) Plan -- 85.74

6. CedarCrestone, Inc. -- CedarCrestone 401(k) Plan -- 85.71

7. Arnall Golden Gregory LLP -- Arnall Golden Gregory LLP Self Employed Persons Retirement Plan -- 85.69

8. Smith, Gambrell & Russell, LLP -- The Smith, Gambrell & Russell Partner-Staff 401(k) Profit Sharing Plan -- 85.45

9. Alston & Bird, LLP -- A&B Retirement Plan -- 84.41

10. Kurt Salmon Associates, Inc. -- Kurt Salmon Associates, Inc. Compensation Deferral Plan -- 83.92

11. Delta Air Lines, Inc. -- Delta Pilot Savings Plan -- 83.88

12. Troutman Sanders LLP -- Troutman Sanders LLP Cash or Deferred Profit Sharing Plan -- 83.87

13. IntercontinentalExchange, Inc. -- IntercontinentalExchange, Inc. 401(k) and Profit Sharing Plan -- 83.85

14. The North Highland Company -- The North Highland Company Employee Stock Ownership Plan -- 83.58

15. UCB, Inc. -- UCB, Inc. 401(k) Retirement Plan -- 83.36

16. Fisher and Phillips LLP -- Fisher and Phillips LLP Savings and Profit Sharing Plan -- 82.81

17. Morris, Manning & Martin, LLP -- MMM Partner/Staff Plan -- 82.80

18. Kemira Chemicals, Inc. -- Kemira Group 401(k) and Profit Sharing Plan -- 82.48

19. Delta Air Lines, Inc. -- Delta Pilots Defined Contribution Plan -- 82.43

20. McKenna Long & Aldridge LLP -- McKenna Long & Aldridge LLP Profit Sharing Plan -- 82.33

21. Institute of Nuclear Power Operations -- Institute of Nuclear Power Operations Thrift Plan -- 82.09

22. Colonial Pipeline Company -- Colonial Pipeline Company 401(k) Investment Plan -- 81.60

23. ING Life Insurance and Annuity Co. -- ING 401(k) Plan for ILIAC Agents -- 81.31

24. Travelport Inc. -- Travelport Employee Savings Plan -- 81.08

25. ARRIS Group, Inc. -- ARRIS Group, Inc. Employee Savings Plan -- 80.95

On May 24 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 third annual Top 25 401k Plans list. This event is the 14th in a series of Breakfast with Benefits sponsored by Plan Sponsor Consultants. To register for the event, please go to www.plansponsorconsultants.com and click on the "Events" tab or call 678-916-3969.

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 more than 575,000 financial advisors and 45,000 advisory firms are available for free at www.brightscope.com.

Contact Information

  • Katie Carlson
    Atomic PR for BrightScope
    415-593-1400
    Email Contact