SOURCE: BrightScope

BrightScope

July 07, 2010 12:00 ET

BrightScope Discloses the Top 10 Seattle Area-Based Companies With the Best 401k Plans

Law Firms Davis Wright Tremaine, LLP and Perkins Coie, LLP Top the Chart While Alaska Airlines, Inc. and Microsoft Corporation Rate Highly

SAN DIEGO, CA--(Marketwire - July 7, 2010) -  BrightScope (www.brightscope.com), the leading independent provider of retirement plan ratings, today announced the Top 10 Seattle area-based companies with the highest ranked 401k plans containing more than $100 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.

"Similar to BrightScope's goal of providing value and insight into America's workplace, these Seattle companies solidify their dedication and commitment to their employees by offering some of the best 401k plans in the area," said Mike Alfred, CEO and co-founder of BrightScope. "We are pleased to recognize such companies for the positive impact they are making on the financial futures of their employees."

Top 10 Seattle area-based companies with the highest ranked 401k plans containing more than $100 million in assets:

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

1. Davis Wright Tremaine, LLP -- Davis Wright Tremaine 401k Profit Sharing Plan and Trust -- 84

2. Perkins Coie, LLP -- Perkins Coie Retirement and 401k Plan -- 82

3. Alaska Airlines, Inc. -- Alaska Airlines, Inc., Pilots Investment & Savings Plan -- 82

4. Microsoft Corporation -- Microsoft Corporation Savings Plus 401k Plan -- 81

5. Group Health Permanente -- Group Health Permanente 401k Salary Deferral Plan -- 81

6. Milliman, Inc. -- Milliman, Inc. Profit Sharing and Retirement Plan -- 81

7. Attachmate Corporation -- Attachmate 401k Plan -- 80

8. Everett Clinic, Inc. -- The Everett Clinic Profit Sharing and 401k Employee Savings Plan and Trust -- 78

9. Weyerhaeuser Company -- Weyerhaeuser Company Investment Growth Plan -- 78

10. Intermec, Inc. -- Intermec, Inc. Financial Security and Savings Program -- 78

Notable mentions that did not make Seattle's Top 10 List include: Puget Energy, Inc. (No. 11), Safeco Corporation (No. 12), Pemco Mutual Insurance Company (No. 13), Horizon Air Industries, Inc. (No. 20) and Amazon Corporate LLC (No. 22).

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 45,000 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

  • Korina Buhler
    Atomic PR for BrightScope
    415-593-1400
    Email Contact