SOURCE: BrightScope

BrightScope

April 14, 2015 08:00 ET

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

Advanced Technology Holding, LLC Moves Up the Ranking to Snag the Top Spot; Three Companies Return to the List

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

"Top rated companies in the greater D.C. area are exceeding expectations when it comes to improving employee offerings," said Brooks Herman, Head of Data & Research at BrightScope. "Like many businesses around the country, the most progressive employers realize that people are increasingly interested in planning for their financial future -- and they're answering that desire with better and better plans."

Noteworthy findings in the 2015 Top 25 Washington, D.C. Area 401k Plans list include:

  • On top: Advanced Technology Holding, LLC, new to BrightScope's ranking in 2013 when the list was last issued, climbed from No. 3 to No. 1 this year.

  • Warm Welcome: Public Company Accounting Oversight Board, No. 3, Covington & Burling LLP, No. 10, Clark Construction Group, LLC, No. 16, American Bankers Association, No. 17, Systems Planning and Analysis, Inc., No. 21, Williams & Connolly LLP, No. 23, AARP, No. 25, all join the ranking for the first time this year.

  • Welcome Back: Crowell & Moring LLP, No. 12, The NASDAQ OMX Group, Inc., No. 18, and Arent Fox LLP, No. 20, all made triumphant returns to the list after falling off in previous years.

  • Average account balance for plans listed is $216,045

  • Average participation rate for plans on the list is 96.12 percent

  • Average company generosity for plans listed is $10,643; the median is $11,852

  • Average salary deferral for plans listed is $9,667; the median is $9,914

Top 25 Washington, D.C. area companies with the highest ranked 401k plans containing more than $100 million in assets:

Company - Plan Name - BrightScope Rating 

1. Advanced Technology Holding, LLC - ATH Retirement Plan and Trust - 91.00

2. Arnold & Porter LLP - Arnold & Porter LLP Profit-Sharing and 401(k) Plan and Trust - 89.25

3. Public Company Accounting Oversight Board - Public Company Accounting Oversight Board Investment & Savings Plan - 88.51

4. Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P - Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P. Profit Sharing Plan - 87.85

5. Scitor Corporation - Scitor Corporation Salary Savings and Profit Sharing Plan - 87.81

6. Patton Boggs LLP - Patton Boggs LLP Retirement Plan - 86.98

7. Hogan Lovells US LLP - Hogan Lovells US LLP Retirement Savings Plan - 86.77 

8. Federal Home loan Mortgage Corp. - Federal Home Loan Mortgage Corp Thrift/401(k) Savings Plan - 86.76

9. FINRA - FINRA Savings Plus Plan - 86.68

10. Covington & Burling LLP - Covington & Burling Retirement Savings Plan - 86.56

Note: This data is accurate as of April 3, 2015.

To view the complete list of the Top 25 Washington, D.C. area companies with the best 401k plans in the United States, visit the BrightScope Blog at: http://blog.brightscope.com/2015/04/14/top-25-washington-d-c-area-companies-with-the-best-401k-plans/.

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.