Fact Sheet
Business Description:
BrightScopeTM, Inc. is an independent provider of 401k ratings and financial intelligence to plan sponsors, advisors, and participants in all 50 states. Our mission is to increase the retirement security of America's workforce by bringing transparency and efficiency to the 401k plan market. We maintain a comprehensive database of information on the 401k plan market and add additional value and insight by quantitatively rating each 401k plan across critical metrics. BrightScopeTM empowers plan sponsors to quickly and accurately determine the optimal structure for their 401k plan and choose the providers that provide the most value for the fees they charge. BrightScope is the only 401k analytics firm that is truly independent and does not accept compensation in the form of revenue sharing from mutual fund companies or plan providers. BrightScope is aligned with plan sponsors and seeks to avoid conflicts that will jeopardize its ability to give its clients unbiased advice. BrightScope is not a fiduciary under ERISA.
Founded:
Executive Officers:
- Mike Alfred, Co-Founder and CEO
- Ryan Alfred, Co-Founder and President
- Dan Weeks, Founder and COO
Advisory Board:
- Allan Timmermann, PhD., noted professor and scholar in finance, mutual funds and applied econometrics
- Yannis Papakonstantinous, PhD., full Professor of Computer Science and Engineering at the University of California, San Diego
- Bill VanDeWeghe, Managing Director at RA Capital Advisors, a premier investment banking firm in San Diego
- Josh Brown, one of the top financial bloggers in the world, creator and author of The Reformed Broker
Funding:
- BrightScope has raised a total of $3 million in angel financing in two separate rounds.
Services:
- The Plan Dashboard
- BrightScope Spyglass
- BrightScope Beacon
- The BrightScope RatingsTM
- BrightScope Advisor Pages
Media Contacts:
