SOURCE: BrightScope

BrightScope

March 11, 2014 08:00 ET

BrightScope Ranks the Top 25 Dallas-Fort Worth Area-Based Companies With the Best 401k Plans

Southwest Airlines Co. Maintains Top Spot in Fresh Look at Popular List

SAN DIEGO, CA--(Marketwired - Mar 11, 2014) - BrightScope (www.brightscope.com), a leading provider of independent financial information and investment research, today announced the Top 25 companies in the Dallas-Fort Worth area 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.

"In the past four years, there has been a strong increase in the quality of Top 401k Plans in the Dallas-Fort Worth area," said Dan Weeks, Co-Founder of BrightScope. "Since 2010, the number of local companies offering employees a 401k plan that has a BrightScope ranking above 80 has more than doubled, going from less than 10 to more than 25 today."

The previous list of Top Dallas-Ft. Worth 401k Plans was published in 2010. Noteworthy findings in this year's list include:

  • Standing Tall: Frontrunner Southwest Airlines Co., Akin Gump Strauss Hauer & Feld, L.L.P., Thompson & Knight, LLP, Gardere Wynne Sewell LLP, VHA, Inc., and Texas Instruments Incorporated are the only companies to appear on the list both years
  • Average account balance for plans listed is $174,561
  • Average participation rate for plans on the list is 94.81%
  • Average company generosity for plans listed is $8,697; the median is $8,474
  • Average salary deferral for plans listed is $10,007; the median is $9,679

Top 25 Dallas-Ft. Worth area companies with the highest ranked 401k plans containing more than $100 million in assets:

Company - Plan Name - BrightScope Rating

1. Southwest Airlines Co. - Southwest Airlines Pilots Retirement Savings Plan - 90.55

2. Pinnacle Anesthesia Consultants, P.A. - P.A.C. 401(k) Profit Sharing Plan and Trust - 87.75

3. Nokia Solutions and Networks US LLC - Nokia Solutions and Networks Savings Plan - 87.20

4. HollyFrontier Corporation - HollyFrontier Corporation 401(k) Retirement Savings Plan - 87.07

5. Galderma Laboratories, Inc. - Galderma Laboratories, Inc. Employees' 401(k) and Employer Contribution Plan - 86.92

6. Thompson & Knight, LLP - Thompson & Knight Retirement Savings Plan - 86.53

7. AirTran Airways, Inc. - AirTran Airways Pilot Retirement Savings and Investment Plan - 86.12

8. STMicroelectronics, Inc. - STMicroelectronics, Inc. 401(k) Savings Plan - 84.92

9. Gardere Wynne Sewell LLP - Gardere Wynne Sewell LLP Savings and Retirement Plan and Trust - 84.79

10. Spectra Energy Corporation - Spectra Energy Retirement Savings Plan - 84.75

11. Nokia, Inc. - Nokia Retirement Savings and Investment Plan - 84.66

12. Akin Gump Strauss Hauer & Feld, L.L.P. - Akin Gump Strauss Hauer & Feld, L.L.P. Section 401(k) Profit Sharing Plan - 84.55

13. Mary Kay, Inc. - Mary Kay, Inc. Retirement Plan - 84.26

14. Fluor Corporation - Fluor Corporation Employees' Savings Investment Plan - 83.53

15. The North American Coal Corporation - The North American Coal Corporation Retirement Savings Plan - 82.38

16. Texas Instruments Incorporated - TI Contribution and 401k Savings Plan - 82.22

17. BT Americas Holdings, Inc. - BT U.S. Retirement Savings Plan 401(k) - 82.12

18. Winstead PC - Winstead 401(k) Savings & Profit Sharing Plan - 82.11

19. Jackson Walker LLP - Jackson Walker LLP Qualified Retirement Plan - 81.57

20. Celanese Americas LLC - Celanese Americas Retirement Savings Plan - 81.26

21. Texas Instruments Incorporated - TI 401(k) Savings Plan - 81.22

22. VHA, Inc. - VHA 401(k) Savings Plan - 81.07

23. Energy Future Holdings Corporation - EFH Thrift Plan - 80.84

24. Pioneer Natural Resources USA, Inc. - Pioneer Natural Resources USA, Inc. 401(k) and Matching Plan - 80.74

25. Hunt Consolidated, Inc. - Hunt Consolidated, Inc. Fidelity Thrift Plan - 80.36

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 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 nearly 50,000 retirement plans as well as rating definitions, criteria and methodologies, and information on nearly 600,000 financial advisors and nearly 40,000 advisory firms are available for free at www.brightscope.com.