SOURCE: BrightScope

BrightScope

April 12, 2012 10:00 ET

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

Saudi Arabian Oil Company Makes First Appearance on the List as No. 1, While Other Oil Companies Like BP Corporation North America Inc., Shell Oil Company and Exxon Mobile Corporation Rank Among the Top 10

SAN DIEGO, CA--(Marketwire - Apr 12, 2012) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced its second annual list of the top Houston 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.

"As one of the most powerful and popular retirement savings vehicles, the efficiency of 401k plans is increasingly important because most Americans rely heavily on them for future financial security," said Bryan Lorenz, Vice President of Data at BrightScope. "It's not surprising to see that oil and energy companies make up the majority of this list -- it means they are listening to employees and leveraging their success wisely to create stronger, more robust 401k plans."

Noteworthy findings in the 2012 Top 25 Houston 401k Plans list include:

  • Saudi Arabian Oil Company makes its first appearance on the list as No. 1, replacing the previously ranked No. 1, Exxon Mobile Corporation, which dropped to No. 5
  • Decreases in ranking: Dynegy Inc. drops from No. 2 to No. 15; Bake Botts, LLP falls 21 places from No. 3 to No. 24; CITGO Petroleum Corporation slips 13 spots from No. 4. to No. 17; Bracewell & Giuliani, LLP slips 3 spots from No. 9 to No. 12
  • Increases in ranking: Diamond OffShore Drilling, Inc. moves up from No. 8 to No. 4; Continental Airlines, Inc. rises one rank from No. 10 to No. 9
  • No Shows: Reliant Energy, Inc. and Huntsman International LLC, which appeared on the previous list, did not make it into this year's rankings
  • Anadarko Petroleum Corporation maintained its status as No. 6.
  • First Appearances: GenOn Energy Services, LLC, Greater Houston Anesthesiology, P.A., BP Corporation North America Inc., Shell Oil Company and Solvay America, Inc. enter the rankings this year (all in the Top 10)

Company - Plan Name - BrightScope Rating

1. Saudi Arabian Oil Company - The Savings Plan of Saudi Arabian Oil Company - 90.82

2. GenOn Energy Services, LLC - GenOn Energy Savings Plan - 88.26

3. Greater Houston Anesthesiology, P.A. - Greater Houston Anesthesiology, P.A. 401(k) Profit Sharing Plan - 88.71

4. Diamond Offshore Management Company - Diamond Offshore 401(k) Plan - 87.53

5. Exxon Mobil Corporation - ExxonMobil Savings Plan - 87.07

6. Anadarko Petroleum Corporation - Anadarko Employee Savings Plan - 86.64

7. BP Corporation North America Inc. - BP Employee Savings Plan - 86.26

8. Shell Oil Company - Shell Provident Fund - 86.25

9. Continental Airlines, Inc. - Continental Pilots Defined Contribution Plan (B-Plan) - 85.20

10. Solvay America, Inc. - Solvay America Companies Savings Plan - 84.62

11. El Paso Corporation - El Paso Corporation Retirement Savings Plan - 84.41

12. Bracewell & Giuliani, LLP - Bracewell & Giuliani, LLP 401(k) Plan and Trust - 84.27

13. GDF SUEZ Energy North America, Inc. - GDF SUEZ Energy North America, Inc. 401(k) Plan - 84.02

14. BP Corporation North America Inc. - BP Capital Accumulation Plan - 83.99

15. Dynegy Inc. - Dynegy Inc. 401(k) Savings Plan - 83.70

16. INEOS USA - INEOS Retirement Savings Plan - 83.69

17. CITGO Petroleum Corporation - CITGO Petroleum Corporation Employees Retirement and Savings Plan - 83.63

18. Fayez Sarofim & Co. - Fayez Sarofim & Co. Profit Sharing Plan - 83.42

19. Vinson & Elkins LLP - Vinson & Elkins LLP Retirement Plan A - 83.35

20. Noble Energy, Inc. - Noble Energy, Inc. Thrift and Profit Sharing Plan - 83.24

21. BMC Software, Inc. - BMC Software, Inc. Savings and Investment Plan - 82.96

22. Calpine Corporation - Calpine Corporation Retirement Savings Plan - 82.35

23. Vallourec & Mannesmann Holdings Inc. - Vallourec North America Retirement Savings Plan - 82.33

24. Baker Botts, LLP - Baker Botts LLP 401(k) and Savings Plan - Plan B - 81.40

25. GenOn Energy Services, LLC - GenOn Energy Union Savings Plan - 81.04

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 575,000 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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