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JUN 13, 2017
The Savings Plan held more than $19.3 billion in assets among more than 110,000 participants as of the end of 2015, according to data from BrightScope.
JUN 12, 2017
The Northrop Grumman Savings Plan held more than $19.3 billion in assets among more than 110,000 participants as of the end of 2015, according to data from BrightScope.
JUN 11, 2017
For most of us, the worst 401(k) mistake to make is to not participate in a 401(k) plan. Learn more at fool.com/retirement and brightscope.com.
JUN 2, 2017
Some target date funds charge less than 0.10% of assets a year, while others charge more than 1%. You can see how the fees in your company’s 401(k) compare overall at Brightscope.com. Analyze your own fund fees at Personal Capital or FeeX.com.
MAY 31, 2017
The NICO plan held about $244 million among more than 2,400 participants as of the end of 2015, according to data from BrightScope. At that time, the Sequoia Fund held more plan assets by far than any other investment options, at 45%. The second-largest holding, by assets, was the Wells Fargo Index Fund, at 9%, according to BrightScope.
MAY 26, 2017
Princeton’s plan had roughly 14,000 participants as of the end of 2015, according to data from BrightScope, which rates the plan well for its employer contributions and participation rate. But the shop scores low for its fee levels and salary deferral levels when compared to similar-size plans.
MAY 17, 2017
As of the end of 2014, 29% of all 401(k) plan assets were invested in index funds, up 11 percentage points from four years prior, according to data from the Investment Company Institute and BrightScope released last year. Between 2006 and 2010, allocations to index funds stayed relatively stable.
MAY 12, 2017
In TIAA’s most recently settled case, the plaintiffs claim that plan costs were higher than industry norms. Total plan cost during the five-year period from 2010 through 2014 was about 55 basis points per year, the complaint states. But in 2012 the average 401(k) with more than a billion dollars in assets had a total plan costs of 33 bps, according to BrightScope and Investment Company Institute data cited by the plaintiffs.
MAY 10, 2017
State auto-IRA programs were dealt a blow last week, when the Senate voted to overturn an Obama-era rule that promoted creation of these retirement plans. President Donald J. Trump is now poised to sign away the Labor Department rule. Observers expect this will chill progress among some of the states considering an auto-IRA program.
MAY 4, 2017
Most people when they leave a job roll their 401(k) money over to an IRA to gain access to more investment options and have more control over the account. Although a rollover isn't always the right move, it is the best move in many cases.
MAY 3, 2017
You don't have to be an investment expert to start the conversation. You can bolster your case with the aid of a simple and free online tool that Solari recommends: BrightScope.
APR 26, 2017
“There’s a lot of sensitivity to fees, and you’d need to demonstrate a huge amount of alpha to a participant to justify putting private equity in a plan,” said Brooks Herman, head of data and research at BrightScope Inc., which rates retirement plans. “You’re holding an asset that can be less transparent with its holdings, and the returns can be staggering in their difference between top quartile and bottom.”
APR 26, 2017
The pairing makes sense to Mike Alfred, co-founder and CEO of BrightScope Inc., a financial information and technology company in La Jolla, Calif. "This is not surprising for young companies," he said during in interview at the Tiburon CEO Summit in New York, earlier this month. "They have to grow up and put on their big boy pants. It's fun to be young disrupter tech company but then when you have clients to whom you have to deliver results … you need different skill set than what got you there."
APR 25, 2017
And as low-priced providers such as Vanguard continue to command inflows, competition on cost is intense, says Brooks Herman, head of research at BrightScope. “If people look at these index products as commodities … the only thing you can compete on is fees,” Herman says. “How does anyone compete with Vanguard as a passive manager?”
APR 21, 2017
A Rhode Island federal court has thrown out a lawsuit against CVS involving the management of the drugstore chain’s 401(k) plan. The plan represented $8.1 billion in assets as of the end of 2015, according to data from BrightScope.
APR 20, 2017
“There’s a lot of sensitivity to fees, and you’d need to demonstrate a huge amount of alpha to a participant to justify putting private equity in a plan,” said Brooks Herman, head of data and research at BrightScope Inc., which rates retirement plans. “You’re holding an asset that can be less transparent with its holdings, and the returns can be staggering in their difference between top quartile and bottom.”
APR 19, 2017
This past year’s chart sloping from the top left to the bottom right seems to be the mirror image of the total assets in the fund (per Brightscope), which looks like the hill you have to climb virtually on the stairmaster.
APR 13, 2017
“The DOL rule as proposed pre-Trump would have certainly been a very positive thing for Betterment's business,” says Mike Alfred, CEO of BrightScope Inc., a tracker of 401(k) data in La Jolla, Calif. “Betterment is a fiduciary and registered as an RIA. Also, they are a low-cost provider. So, the fiduciary rule would have served as a huge tailwind for both their core service as well as their bundled 401(k) plan offering,” he says.
APR 13, 2017
Law firm Sidley Austin represented Merrill in the lawsuit, and Stradley Ronon represented Capital Strategies. The plan had more than 500 participants as of the end of 2015, according to data from BrightScope. According to that company, the plan had average fees compared to plans of similar size, poor levels of participation but a high grade for company contributions.
APR 12, 2017
Using BrightScope’s Plan Data Network platform, RiXtrema’s tools, like IRAFiduciaryOptimizer and 401(k)FiduciaryOptimizer, can help advisors make best interest determinations within retirement plans and rollovers by accessing one of the largest bodies of 401(k) information available.