BrightScope Ranks the Top 25 San Francisco Bay Area-Based Companies With the Best 401k Plans
Dodge & Cox Reigns at No. 1 for Second Year in a Row, Pillsbury Winthrop Shaw Pittman LLP and Bechtel Corporation Round Out Top Three
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 10/14/14 -- BrightScope (), a leading provider of independent financial information and investment research, today announced the ranking of San Francisco Bay Area companies with the highest ranked 401k plans containing more than $100 million in assets.
"It''s encouraging to see a wide variety of industries represented on this list in a city primarily known for technology and finance business," said Brooks Herman, Head of Data & Research at BrightScope. "It shows that, no matter the trade, every company can provide quality 401k benefits to help employees better prepare for a successful retirement."
Noteworthy findings in the 2014 Top 25 San Francisco Bay Area 401k Plans list include:
Always On: Dodge & Cox maintains the No. 1 spot for the second year in a row
Greatest Leaps: Bechtel Corporation moves from No. 13 to No. 3, Cooley, LLP from No. 9 to No. 4, Orrick, Herrington & Sutcliffe LLP from No. 11 to No. 5 and MedAmerica from No. 12 to No. 7
Average account balance for plans listed is $170,060
Average participation rate for plans on the list is 93 percent
Average company generosity for plans listed is $7,172; the median is $5,235
Average salary deferral for plans listed is $10,546; the median is $10,899
Top 25 San Francisco Bay Area companies with the highest ranked 401k plans containing more than $100 million in assets:
- -
1. Dodge & Cox - - 89.54
2. Pillsbury Winthrop Shaw Pittman LLP - - 87.18
3. Bechtel Corporation - - 86.58
4. Cooley, LLP - - 86.12
5. Orrick, Herrington & Sutcliffe LLP - - 85.93
6. Gilead Sciences, Inc. - - 85.92
7. MedAmerica, Inc. - - 85.80
8. Dolby Laboratories, Inc. - - 84.83
9. California Advanced Imaging Medical Associates, Inc. - - 84.38
10. The Charles Schwab Corporation - - 83.68
11. Morrison & Foerster LLP - - 83.67
12. Exponent, Inc. - - 83.60
13. Autodesk, Inc. - - 83.45
14. Littler Mendelson, P.C. - - 83.15
15. PG&E Corporation - - 83.11
16. Informatica Corporation - - 83.11
17. Swinerton, Inc. - - 82.82
18. Oracle Corporation - - 82.63
19. Fisher Asset Management, LLC d/b/a Fisher Investments - - 82.42
20. Genesys Labs, Inc. - - 81.14
21. Alexander & Baldwin, Inc. - - 81.11
22. Pixar - - 81.04
23. DPR Construction - - 80.75
24. First Republic Bank - - 80.75
25. California Physicians'' Service d/b/a Blue Shield of California - - 79.73
Note: This data is accurate as of October 5, 2014.
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.
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.
BrightScope is a financial information company that brings transparency to opaque markets through independent research and analysis. Delivered through cloud-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 more than 680,000 financial advisors and nearly 33,000 active advisory firms are available for free at .
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Datum: 14.10.2014 - 09:02 Uhr
Sprache: Deutsch
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