SOURCE: BrightScope

BrightScope

September 14, 2010 09:00 ET

BrightScope Uncovers the Top 10 St. Louis Area-Based Companies With the Best 401k Plans

The Diversity of Companies Confirms That Stability of a 401k Plan Can Be Accessible to Employees in Every Industry

SAN DIEGO, CA--(Marketwire - September 14, 2010) -  BrightScope (www.brightscope.com), the leading independent provider of retirement plan ratings, today announced the Top 10 St. Louis 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.

"St. Louis' Top 10 List showcases a variety of industries, which is an affirmation that any type of business can provide a high-quality 401k plan to its employees," said Mike Alfred, CEO and co-founder of BrightScope. "By taking relatively simple steps, companies can dramatically improve the components that make up their plan and increase their employees' chance of achieving a successful financial future." 

Top 10 St. Louis 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. Bryan Cave LLP -- Bryan Cave LLP Retirement Plan for Partners -- 82

2. Peabody Energy Corporation -- Peabody Investments Corp. Employee Retirement Account -- 81

3. AMDOCS, Inc. -- AMDOCS, Inc. 401k Plan -- 79

4. Solutia Inc. -- Solutia Inc. Savings & Investment Plan -- 79

5. Stifel Financial Corp. -- Stifel, Nicolaus Profit Sharing 401k Plan -- 77

6. Ameren Corporation -- Ameren Corporation Savings Investment Plan -- 77

7McCarthy Holdings, Inc. -- McCarthy Employee Stock Ownership Plan -- 76

8. Patriot Coal Corporation -- Patriot Coal Corporation 401k Retirement Plan -- 76

9. Arch Coal, Inc. -- Arch Coal, Inc. Employee Thrift Plan - -75

10. Trustees of Local No. 1 IBEW Pension Benefit Trust Fund -- Local No. 1 IBEW Pension Benefit Trust Fund -- 74

Notable mentions not included in St. Louis' Top 10 List include: Monsanto Company (No. 11), Graybar Electric Company, Inc. (No. 14), Anheuser-Busch Companies, Inc. (No. 17), and Energizer Holdings, Inc. (No. 18).

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 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 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

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    Meri Morris
    Atomic PR for BrightScope
    415-593-4031
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