SOURCE: BrightScope

BrightScope

April 05, 2012 09:00 ET

BrightScope Announces the Top 25 Washington, D.C. Area-Based Companies With the Best 401k Plans

Wilmer Cutler Pickering Hale and Dorr LLP Makes First Appearance on the List as No. 1, While Arnold & Porter LLP Keeps Its No 2. Ranking

SAN DIEGO, CA--(Marketwire - Apr 5, 2012) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced its second annual list of the top Washington, D.C. area-based companies with the highest ranked 401k plans containing more than $100 million in assets. This year BrightScope has extended the list to include the top 25 companies.

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.

"It's important for us to recognize those companies that are dedicating their energy and effort to making 401k plans a reliable resource for their employees' financial futures," said Bryan Lorenz, vice president of data at BrightScope. "Washington, D.C. should be proud of the companies that have made a second appearance on this list as well as the newcomers who are stepping up their offerings."

Noteworthy findings in the 2012 Top 25 Washington, D.C. 401k Plans list include:

  • Wilmer Cutler Pickering Hale and Dorr LLP makes its first appearance on the list as No. 1, replacing the previously ranked No.1, The AES Corporation, that dropped down to No. 6
  • Same ranking: Arnold & Porter LLP and Finnegan, Henderson, Farabow, Garrett & Dunner L.L.P. keep their spots as No. 2 and No. 3 respectively
  • Scitor Corporation which ranked 5th and Arent Fox PLLC which ranked 9th in the first annual list did not make a second appearance this year
  • Increase in ranking: Covington & Burling LLP moves up three spots from No. 8 to No. 5
  • Decreases in ranking: Patton Boggs LLP drops 7 spots from No. 4. to No. 11; FINRA slips down 6 spots from No. 6 to No. 12; Federal Home Loan Mortgage Corporation falls 10 places from No. 7 to No. 17; Lockheed Martin Corporation falls 15 spots from No. 10 to No. 25
  • First Appearances: Venable LLP, Hogan & Harston, LLP, VeriSign, Inc., The NASDAQ OMX Group, Inc., and Sutherland Asbill & Brennan LLP all make their first appearance in the rankings this year (all ranked in the top 10)

Company - Plan Name - BrightScope Rating

1. Wilmer Cutler Pickering Hale and Dorr LLP - Wilmer Cutler Pickering Hale and Dorr LLP Savings and Retirement Plan - 86.97

2. Arnold & Porter LLP - Arnold & Porter LLP Profit-Sharing and 401(k) Plan and Trust - 86.68

3. Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P. - Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P. Profit Sharing Plan - 86.63

4. Venable LLP - Venable LLP Retirement Plan - 85.81

5. Covington & Burling LLP - Covington & Burling Retirement Savings Plan - 85.75

6. The AES Corporation - The AES Corporation Retirement Savings Plan - 85.59

7. Hogan & Hartson, LLP - Hogan & Hartson, LLP Retirement Savings Plan - 85.49

8. VeriSign, Inc. - VeriSign, Inc. 401(k) Plan - 85.13

9. The NASDAQ OMX Group, Inc. - The NASDAQ OMX Group, Inc. 401(k) Savings Plan - 85.12

10. Sutherland Asbill & Brennan LLP - Sutherland Asbill & Brennan LLP Retirement Plan A - 84.94

11. Patton Boggs LLP - Patton Boggs LLP Retirement Plan - 84.87

12. FINRA - FINRA Savings Plus Plan - 84.27

13. National Education Association of the United States - The National Education Association 401(k) Retirement Savings Plan - 84.25

14. DLA Piper LLP (US) - DLA Piper LLP (US) Profit Sharing and 401(k) Savings Plan - 84.12

15. Crowell & Moring LLP - Crowell & Moring LLP Retirement Plan - 83.89

16. MedImmune, LLC - MedImmune, LLC 401(k) Plan - 83.86

17. Federal Home Loan Mortgage Corp. - Federal Home Loan Mortgage Corp. Thrift/401(k) Savings Plan - 83.70

18. Wiley Rein LLP - Wiley Rein Retirement Plan - 83.69

19. Legg Mason, Inc. - The Legg Mason Profit Sharing and 401(k) Plan and Trust - 83.29

20. Software AG USA, Inc. - Software AG USA, Inc. Profit Sharing Plan - 83.05

21. Intelsat Corporation - The Intelsat Retirement Savings Plan - 82.97

22. International City Management Association Retirement Corporation - ICMA Retirement Corporation Retirement Savings Plan - 82.88

23. Argon ST, Inc. - Argon ST, Inc. 401(k) Profit Sharing Plan and Trust - 82.87

24. FTI Consulting, Inc. - FTI Consulting, Inc. 401(k) Plan - 82.41

25. Lockheed Martin Corporation - Lockheed Martin Corporation Salaried Savings Plan - 82.30

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 475,000 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
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