BrightScope Announces the Top 25 Buffalo Area-Based Companies With the Best 401k Plans
Newcomer Jaeckle Fleischmann & Mugel, LLP Bumps Previous Top Spot Holder Damon & Morey LLP to 5th Place
(firmenpresse) - SAN DIEGO, CA -- (Marketwire) -- 11/08/12 -- BrightScope (), a leading provider of independent financial information and investment research, today announced its second round list of the top Buffalo area-based companies with the highest ranked 401k plans containing more than $25 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 we spotlight different companies across the country for their efforts in offering reliable and robust 401k plans, the high BrightScope Ratings reassure employees of their positive financial futures," said Dan Weeks, Co-Founder and Chief Evangelist of BrightScope. "Our mission with these lists is to provide plan sponsors and participants, like the Buffalo companies on this list, with the data and information they need to advance their 401k plans even more."
Noteworthy findings in the 2012 Top 25 Buffalo 401k Plans list include:
Newcomer Jaeckle Fleischmann & Mugel, LLP bumped previous top spot holder Damon & Morey LLP to 5th place
Seven of the 10 companies from the previous list made an appearance this year
Drop in rank: All seven of the previous 10 companies included on last year's list dropped at least one spot, most notably -- National Fuel Gas Company dropped two places from 3rd to 5th, Damon & Morey LLP fell five ranks from No. 1 to No. 6, Luvata Buffalo, Inc. slipped three spots from 4th to 7th, and Sevenson Environmental Services, Inc. descended two places from No. 6 to No. 8
Notable Newcomers: newcomers dominated this year's list, with Jaeckle Fleischmann & Mugel, LLP taking the top spot; Phillips Lytle LLP (No. 2), Cold Spring Construction Co. (No. 3), Goodyear Dunlop Tires North America, Ltd. (No. 4), and Tops Markets, LLC (No. 9), among others.
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1. Jaeckle Fleischmann & Mugel, LLP - - 89.31
2. Phillips Lytle LLP - - 84.13
3. Cold Spring Construction Co. - - 83.64
4. Goodyear Dunlop Tires North America, Ltd. - - 83.04
5. National Fuel Gas Company - - 82.17
6. Damon & Morey LLP - - 80.88
7. Luvata Buffalo, Inc. - - 79.75
8. Sevenson Environmental Services, Inc. - - 79.68
9. Tops Markets, LLC - - 78.58
10. Buffalo Medical Group, P.C. - - 78.24
11. Cannon Design, Inc. - - 77.54
12. Hodgson Russ LLP - - 76.68
13. Merchants Mutual Insurance Co. - - 76.42
14. Bureau Veritas Consumer Products Services, Inc. - - 76.41
15. Rich Products Corporation - - 75.92
16. Ivoclar Vivadent, Inc. - - 75.20
17. HealthNow New York, Inc. - - 74.67
18. Conestoga-Rovers & Associates, Inc. - - 74.22
19. Upstate Niagara Cooperative, Inc. - - 73.81
20. National Fuel Gas Company - - 73.29
21. Mark IV Industries, Inc. - - 72.88
22. Ecology and Environment, Inc. - - 72.70
23. Manufacturers and Traders Trust Co. - - 72.45
24. Unifrax I LLC - - 71.89
25. Graham Corporation - - 71.82
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.
The company has rated more than 46,000 retirement plans, spanning 30 million workers and $2 trillion in assets, and provided information on more than 770,000 financial advisors. 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 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 nearly 45,000 advisory firms are available for free at .
Jen Harding
Atomic PR for BrightScope
415-593-1400
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Datum: 08.11.2012 - 08:00 Uhr
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