SOURCE: BrightScope

BrightScope

May 03, 2011 09:00 ET

BrightScope Releases Second Annual List of the Top Atlanta Area-Based Companies With the Best 401k Plans

BrightScope CEO to Speak and Highlight List at Second Annual National Retirement Partners Breakfast With Benefits at Atlanta's Ritz Carlton Buckhead

SAN DIEGO, CA--(Marketwire - May 3, 2011) - BrightScope (www.brightscope.com), a leading provider of independent investment research and financial data, today announced the Top 25 Atlanta area-based companies with the highest ranked 401k plans containing more than $50 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.

"Not only do all of the companies on Atlanta's Top 25 List have above average ratings, but the depth of the companies included is impressive," said Mike Alfred, CEO and co-founder of BrightScope. "Atlanta should be very proud of the companies on this list because this shows the high level of commitment and value companies in the region place on ensuring a successful and dignified retirement for their employees."

Top 25 Atlanta area-based companies with the highest ranked 401k plans containing more than $50 million in assets:

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

1. UCB Holdings, Inc. -- UCB, Inc. 401k Retirement Plan -- 86

2. Mirant Services, LLC -- Mirant Services Employee Savings Plan -- 86

3. Smith, Gambrell & Russell, LLP --The Smith, Gambrell & Russell Partner-Staff 401k Profit Sharing Plan -- 86

4. CedarCrestone, Inc. -- CedarCrestone 401k Plan -- 86

5. King & Spalding LLP -- King & Spalding LLP Profit Sharing - 401k Plan -- 86

6. Alston & Bird, LLP -- Alston & Bird Partners/Staff Profit Sharing & 401k Plan -- 85

7. Troutman Sanders LLP -- Troutman Sanders LLP Cash or Deferred Profit Sharing Plan -- 84

8. Scientific-Atlanta Inc. -- Scientific-Atlanta Inc. Voluntary Employee Retirement and Investment Plan -- 83

9. McKenna Long & Aldridge LLP -- McKenna Long & Aldridge LLP Profit Sharing Plan -- 82

10. Kilpatrick Stockton, LLP -- Kilpatrick Stockton Retirement Savings Plan -- 82

11. Institute of Nuclear Power Operations -- Institute of Nuclear Power Operations Thrift Plan -- 82

12. Colonial Pipeline Company -- Colonial Pipeline Company 401k Investment Plan -- 81

13. Fisher and Phillips LLP -- Fisher and Phillips LLP Savings and Profit Sharing Plan -- 81

14. Delta Air Lines, Inc. -- Delta Pilots Defined Contribution Plan -- 81

15. Powell Goldstein, LLP -- Powell Goldstein, LLP Retirement Plan -- 80

16. ARRIS Group, Inc. -- ARRIS Group, Inc. Employee Savings Plan -- 80

17. Kurt Salmon Associates, Inc. -- Kurt Salmon Associates, Inc. Compensation Deferral Plan -- 80

18. Worldspan, L.P. -- Worldspan Retirement Savings Plan -- 80

19. Elekta Holdings U.S., Inc. -- Elekta Holdings U.S., Inc. 401k Savings Plan -- 80

20. Merial Limited -- Merial 401k Savings Plan -- 80

21. Kemira Chemicals, Inc. -- Kemira Group 401k and Profit Sharing Plan -- 80

22. McKenna Long & Aldridge LLP -- McKenna Long & Aldridge LLP 401k Plan -- 79

23. Societe Internationale de Telecommunications Aeronautiques, S.C. -- SITA Employee 401k Savings Plan -- 79

24. The Southeast Permanente Medical Group, Inc. -- The Southeast Permanente Medical Group of Georgia, Inc. Cash or Deferred 401k Plan -- 79

25. The Coca-Cola Company -- The Coca-Cola Company Thrift & Investment Plan -- 79

On May 19 Mr. Alfred will be speaking at the National Retirement Partners Breakfast with Benefits seminar hosted by Michael M. Kane, CLU, ChFC, AIFA & Associates at Atlanta's Ritz Carlton Buckhead. He will be discussing a slew of topics relating to America's 401k program, which include Atlanta's second annual Top 25 List. To register for the event please go to www.michaelmkane.com and click on the "Events" tab.

The BrightScope 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 calculates 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 55,000 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.

BrightScope's second annual Atlanta Top 25 List comes on the heels of the BrightScope Advisor Pages, which gives Americans an unbiased way to discover, research and select the right financial advisor. To date BrightScope currently has 450,000 registered financial advisors featured on their website.

For more information please visit www.brightscope.com.

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 55,000 retirement plans as well as rating definitions, criteria and methodologies, and information on more than 450,000 financial advisors are available for free at www.brightscope.com.

Contact Information

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