A.D.A.M., Inc. 401K Plan
A.D.A.M., Inc. 401K Plan
"The BrightScope Rating™ creates a way for employees, reporters and others to understand the true value of this important benefit to our employees. We regularly employ tools such as the BrightScope Rating™ to benchmark our benefit plans to those of other employers and to help us achieve our business objectives."
Evaluate your plan against the most complete cross-provider 401k database ever assembled. Our large database of real plan data ensures that your plan will have a robust peer group of similar plans to compare against. Because we only use real plan data, not survey data, you can be sure that the comparisons are accurate and relevant.
Most companies benchmark their salaries, executive compensation and other benefits against a peer group of competitor companies. Historically benchmarking 401k plans was difficult due to insufficient data. The Dashboard puts you in the driver seat. With the easy-to-use interface you can build custom peer groups of your competitors and compare plan performance and plan design characteristics.
ERISA law makes it clear that it is the responsibility of plan fiduciaries to monitor service provider relationships and ensure that plan fees and expenses are reasonable. With the Plan Dashboard, fiduciaries now have all of the data they need to carry out this crucial fiduciary duty. BrightScope allows a plan sponsor to understand revenue-sharing payments and properly categorize fees and expenses.
In order to ensure that your plan is accurately represented on the BrightScope website, the Dashboard gives you access to view input data, calculations performed as well as the criteria for ratings. The Dashboard helps a plan sponsor fiduciary ensure that the plan is presented fairly to its participants.
Once you subscribe BrightScope can automatically pull in your fund balances, fees, and other key financial information needed for BrightScope's analytics. BrightScope connects with almost every single major recordkeeping platform in order to keep your plan information up-to-date, saving hours of tedious data entry.
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