BrightScope is pleased to announce the launch of the Personal 401k Fee Report, a revolutionary free tool to help all 401k participants better understand the fees they are paying within their 401k plans.
The tool starts by asking participants for some basic information that we need to show participants the impact of fees on their retirement [...]
BrightScope recently released new ratings for over 10,000 plans, and updated ratings for thousands of previously-rated plans. In so doing, we hit a major milestone:
We now have over 30,000 plans rated.
Our rating and analytics become more valuable to our clients and partners when there are more plans included in our system. Due to this fact, [...]
Last week the Government Accountability Office (GAO) released a study on the impact of conflicts of interest on DB and DC plans.
Here is a highlight:
Conflicts of interest can adversely affect both DB and DC plan designs, with the primary difference being in who bears the cost of their potentially adverse effects on their rate of [...]
Below are 10 articles, blog posts, accouncements, tweets and other miscellaneous musings we deem worthy of your attention:
Attorney Stephen Rosenberg from the Boston ERISA Law Blog wrote an amazing post last week about how fiduciary responsibility might shift in an era of total fee transparency. Stephen’s blog is an absolute must for anyone following ERISA [...]
The 60 minutes episode from last Sunday includes a fascinating piece of reporting about 401k plans. Steve Kroft really captures the pain of 401k participants. There are also interesting interviews with Congressman George Miller, Attorney Brooks Hamilton and PSCA President David Wray.
Yesterday Barack Obama announced his pick to head the EBSA. At the ASPPA conference last week many people were anxiously awaiting the nomination. It seems things at the DOL slow down a bit when the new administration isn’t fully in place. We think that this is a very important role in the administration and are [...]
BrightScope has spent the past few days at the ASPPA 2009 401(k) Summit. Brian Graff and his team at ASPPA have again assembled an amazing group of speakers. The BrightScope team has enjoyed listening to and meeting with many of the thought leaders in the 401(k) industry. Here are a few thoughts and ideas that [...]
BrightScope has been very fortunate to receive a lot of great press in the last month:
Employee Benefit Adviser March 2009 Cover Story: “Guiding Lights“
BusinessWeek: “Rating Your 401(k)“
Pensions & Investments: “New ranking pits DC plan vs. DC plan“
San Diego Business Journal: “Bright(Scope) Idea: Firm Launched site to Compare 401(k)s“
CNNMoney: “Find out how your 401(k) stacks up“
La [...]
After more than a year of work we are proud to announce that BrightScope.com is now in public beta. Dan, Mike and I will be at the Hilton Hotel in Universal City all day tomorrow at the Los Angeles Benefits Conference for our launch. We look forward to seeing everyone there.
I will also be live [...]
BrightScope believes that a healthy dose of transparency can do a world of good for the 401k market. As Supreme Court Justice Louis Brandeis once said, “Sunlight is the best disinfectant.” With complete information on fees and service provider conflicts of interest, plan sponsors and participants can make more informed decisions.
Fortunately for believers in transparency [...]
