SOURCE: BrightScope

BrightScope

September 22, 2010 09:00 ET

BrightScope Announces the Top 10 Orlando Area-Based Companies With the Best 401k Plans

AirTran Airways, Tupperware and the American Automobile Association Make the Region's Top 10 List

SAN DIEGO, CA--(Marketwire - September 22, 2010) -  BrightScope (www.brightscope.com), the leading independent provider of retirement plan ratings, today announced the Top 10 Orlando area-based companies with the highest ranked 401k plans containing more than $25 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.

"We are excited to announce Orlando's Top 10 List and hope that these plan sponsors feel empowered to continue providing the information necessary to help employees achieve a successful retirement," said Mike Alfred, CEO and co-founder of BrightScope. "We are seeing the median age of our population increase as baby boomers hit retirement, and ensuring our citizens are prepared for their financial future will be a crucial element in the well-being of Orlando's economy."

Top 10 Orlando area-based companies with the highest ranked 401k plans containing more than $25 million in assets:

Company -- Plan Name -- BrightScope Rating (rounded to the nearest whole number):

1. The Joseph L. Riley Anesthesia Associates, P.A. -- The Joseph Riley Anesthesia Associates, P.A. Employee Savings Plan & Trust -- 86

2. AirTran Airways, Inc. -- AirTran Airways Pilot Retirement Savings and Investment Plan -- 82

3. CHEP -- Employee Benefit Plan of CHEP -- 79

4. Lowndes, Drosdick, Doster, Kantor & Reed, Professional Association -- Lowndes, Drosdick, Doster, Kantor & Reed P.A. Retirement Plan -- 79

5. The Jewett Orthopaedic Clinic P.A. -- 401k / Profit Sharing Plan and Trust for Employees of the Jewett Orthopaedic Clinic, P.A. -- 77

6. Gessler Clinic, P.A. -- Profit Sharing Plan for Employees of Gessler Clinic, P.A. -- 76

7. Tupperware Brands Corporation -- Tupperware Brands Corporation Retirement Savings Plan -- 74

8. American Automobile Association, Inc. -- The AAA Thrift / Savings Plan -- 73

9. The Watson Clinic LLP -- The Watson Clinic LLP Profit Sharing Plan -- 70

10. Attorney's Title Insurance Fund, Inc. -- Attorney's Title Insurance Fund, Inc. 401k Plan -- 69

Notable mentions not included in Orlando's Top 10 List include: National Association for Stock Car Auto Racing, Inc. (No. 12), Florida's Natural Growers (No. 14), University City Development Partners, LTD (No. 16) and Lakeland Regional Medical Center, Inc (No. 17).

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 more than 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 committed to helping America's workforce retire in dignity. BrightScope is an independent data analytics firm that quantitatively rates 401k plans and gives employers, employees, and advisors tools to enhance plan performance and maximize retirement outlook. 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 401k plan quality at the company level. BrightScope-published ratings, rating definitions, criteria and methodologies are available on the company's public site, www.brightscope.com.

Contact Information

  • Meri Morris
    Atomic PR for BrightScope
    415-593-4031
    Email Contact