SOURCE: BrightScope

BrightScope

July 15, 2014 08:00 ET

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

Oregon Anesthesiology Group Comes in at No. 1 for the Third Year in a Row and Three New Companies Join the List

SAN DIEGO, CA--(Marketwired - Jul 15, 2014) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced the Top 25 companies in the Portland, Oregon area with the highest ranked 401k plans containing more than $100 million in assets.

"It is encouraging to see people prioritize their financial future, as demonstrated by an average participation rate of 92.5 percent in Portland's top 401k plans," said Brooks Herman, Head of Data & Research at BrightScope. "We are thrilled to see this positive trend nationwide. It is clear that companies can have a positive impact on employee retirement contributions by improving the quality of the plans they offer."

Noteworthy findings in the 2014 Top 25 Portland 401k Plans list include:

  • Always On: Oregon Anesthesiology Group, P.C. reigns as No. 1 for the third time in a row, having been the top plan in Portland every year BrightScope has distributed this list (2010, 2012 and 2014)
  • Leaps & Bounds: Since the list was last published in 2012, The Regence Group moved from No. 14 to No. 4, Daimler Trucks North America, L.L.C. from No. 20 to No. 9, Detroit Diesel Corporation from No. 18 to No. 11 and Adidas America, Inc. from No. 25 to No. 18
  • Warm Welcome: Siltronic Corporation (No. 8), Columbia Sportswear Company (No. 19) and Umpqua Holdings Corporation (No. 25) make the list for the first time
  • Average account balance for plans listed is $128,722
  • Average participation rate for plans on the list is 92.51 percent
  • Average company generosity for plans listed is $6,845; the median is $4,394
  • Average salary deferral for plans listed is $5,252; the median is $4,779

Top 25 Portland Area 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 - 92.39

2. Stoel Rives LLP - Stoel Rives Retirement Plan - 86.16

3. Mentor Graphics Corporation - Mentor Graphics Individual Deferred Tax and Savings Plan - 82.53

4. The Regence Group - The Regence Group 401(k) Savings Plan - 82.52

5. PacifiCorp - PacifiCorp K Plus Employee Savings Plan - 81.75

6. Portland General Electric - Portland General Electric 401(k) Savings Plan - 81.12 

7. FLIR Systems, Inc. - FLIR Systems, Inc. 401(k) Savings Plan - 81.08

8. Siltronic Corporation - Siltronic Corporation Savings Plan - 80.80

9. Daimler Trucks North America, L.L.C. - Daimler Trucks North America LLC Employee Retirement Savings Plan - 80.73

10. Detroit Diesel Corporation - The Employee Savings Plan of Detroit Diesel Corporation - 80.53

11. Northwest Natural Gas Company - Northwest Natural Gas Company Retirement K Savings Plan - 78.26

12. TriQuint Semiconductor, Inc. - TriQuint 401(k) Savings Plan - 77.09

13. Standard Insurance Company - The Standard 401(k) Plan - 76.85

14. Salem Health - Salem Health Retirement Plan - 74.75

15. ESCO Corporation - ESCO Corporation Employee Stock Ownership Plan - 73.17

16. Hoffman Corporation - The Hoffman Employee Retirement Income Plan - 73.08

17. Adidas America, Inc. - Adidas Group 401(k) Savings And Retirement Plan - 72.98

18. Con-Way Inc. - Con-Way Retirement Savings Plan - 72.95

19. Columbia Sportswear Company - Columbia Sportswear Company 401(k) Profit Sharing Plan - 72.34

20. Cascade Pension Trust Board of Trustees - Cascade Pension Trust - 71.79

21. Blount International, Inc. - The Blount 401(k) Retirement Savings Plan - 71.58

22. NIKE, Inc. - 401(k) Savings and Profit Sharing Plan for the Employees of NIKE, Inc. - 70.49 

23. ESCO Corporation - ESCO Corporation 401(k) Plan - 69.25

24. Umpqua Holdings Corporation - Umpqua Bank 401(k) and Profit Sharing Plan - 67.52

25. A-dec, Inc. - A-dec, Inc. Profit Sharing Retirement Plan and Trust - 66.90

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 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 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.