SOURCE: BrightScope

BrightScope

June 21, 2012 11:00 ET

BrightScope Lists the Top 25 Denver Area-Based Companies With the Best 401k Plans

Newcomers Frontier Refining & Marketing Inc. and Vodafone Americas, Inc. Take 1st and 2nd, Pushing Previously Top Ranked Colorado Permanente Medical Group P.C. and DCP Midstream, LP Down the List

SAN DIEGO, CA--(Marketwire - Jun 21, 2012) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced its second annual list of the top Denver 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.

"One of the goals of BrightScope's 401k plan Rating is to provide plan sponsors and participants insight into the details of their 401k plans, and encourage those with insufficient plans to call for change," said Dan Weeks, founder and COO of BrightScope. "By releasing this Denver list, we hope that those who are calling for that change will look to the companies we've highlighted for inspiration."

Noteworthy findings in the 2012 Top 25 Denver area-based 401k Plans list include:

  • Frontrunners Frontier Refining & Marketing Inc. and Vodafone Americas, Inc. take the No. 1 and No. 2 spots, making their first appearance on this year's list
  • Formerly ranked No. 1 Colorado Permanente Medical Group P.C. falls two spots down to No. 3., while previously ranked No. 2 DCP Midstream, LP falls four places to No. 6
  • Nine out of the top ten formerly ranked companies fell at least one spot on this year's list; Most notably, Holland & Hart, LLP fell seven spots from 3rd to 10th and Level 3 Communications, Inc. fell 19 spots from 4th to 23rd. The only company that moved up in ranking was Janus Capital Group Inc. which moved up from 5th to 4th this year
  • 15 new companies joined this year's list, six of which make up the top ten: Frontier Refining & Marketing Inc. (1), Vodafone Americas, Inc. (2), Cimarex Energy Co. (5), United Launch Alliance, LLC (7), Agrium U.S. Inc. (8) and Alenco Inc. (9)

Company -- Plan Name -- BrightScope Rating

1. Frontier Refining & Marketing Inc. - Frontier Retirement Savings Plan - 92.60
2. Vodafone Americas, Inc. - Vodafone US Retirement Plan - 90.28
3. Colorado Permanente Medical Group P.C. - Colorado Permanente Medical Group P.C. -- Cash or Deferred Profit Sharing Plan -89.64
4. Janus Capital Group Inc. - Janus 401(k), Profit Sharing and Employee Stock Ownership Plan - 86.19
5. Cimarex Energy Co. - Cimarex Energy Co. 401(k) Plan - 84.55
6. DCP Midstream, LP - DCP Midstream, LP 401(k) and Retirement Plan - 83.93
7. United Launch Alliance, LLC - United Launch Alliance 401(k) Savings Plan - 83.43
8. Agrium U.S. Inc. - Agrium 401(k) Retirement Savings Plan - 83.04
9. Alenco Inc. - EnCana International (USA) Inc. 401(k) Plan - 82.45
10. Holland & Hart, LLP - Holland & Hart Retirement Savings Plan - 82.06
11. Liberty Media LLC - Liberty Media 401(k) Savings Plan - 81.02
12. Newmont Mining Corporation - Retirement Savings Plan of Newmont - 80.01
13. The Western Union Company - The Western Union Company Incentive Savings Plan - 79.98
14. MWH Americas, Inc. - MWH Retirement Plan A - 79.28
15. tw telecom Holdings Inc. - tw telecom 401(k) Plan - 78.32
16. IHS, Inc. - IHS 401(k) Plan - 78.24
17. Ball Corporation - Ball Corporation Salary Conversion and Employee Stock Ownership Plan - 78.06
18. R.H. Donnelly - R.H. Donnelly 401(k) Savings Plan - 77.08
19. Johns Manville Corporation - Johns Manville Employees 401(k) Plan - 76.94
20. FirstBank Holding Company - FirstBank Holding Company Savings and ESOP - 76.40
21. CH2M Hill Companies, Ltd. - CH2M Hill Retirement and Tax-Deferred Savings Plan - 75.26
22. Great-West Life & Annuity Insurance Company - Great-West Life & Annuity Insurance Company Staff & Agents Savings Plan - 75.13
23. Level 3 Communications, Inc. - Level 3 Communications, Inc. 401(k) Plan - 74.86
24. ARCADIS U.S., Inc. - ARCADIS U.S., Inc. Retirement Savings Plan - 74.05
25. FlightSafety Services Corporation - FlightSafety Employees 401(k) Retirement Plan - 73.42

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 770,000 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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