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APR 6, 2017
Mike Alfred, CEO of BrightScope Inc., has always been my go-to guy on 401(k) stories. I recognized him from his photo on our website and caught him going down the stairs. We met up in the bar with his brother Ryan, the company president. They tell me they’ve been at this together thing for 33 years. Not working. Living.
APR 5, 2017
The average 401(k) offers 28 options, according to a report by BrightScope and the Investment Company Institute, while the average IRA investor at Fidelity, for example, can choose among more than 10,000 funds from hundreds of fund companies.
APR 5, 2017
Between greater regulatory scrutiny and the threat of increasingly frequent class-action lawsuits, plan costs have been falling. The average total cost for more than 22,000 plans surveyed by Brightscope and the Investment Company Institute between 2009 and 2014 fell to 0.39 percent, from 0.47 percent, on an asset-weighted basis.
APR 4, 2017
The two plans at issue in the case represented more than $14.5 billion among more than 115,000 participants as of the end of 2015, according to Department of Labor data cited by BrightScope.
APR 3, 2017
Jackson’s 401(k) plan represented $676 million among about 5,800 participants as of the end of 2015, according to data from BrightScope. The data and research firm gives the plan high marks for having low fees and a generous level of company contributions, when the plan is compared to all 401(k) plans in BrightScope’s database.
APR 1, 2017
mployers who offer a 401(k) plan generally choose one company to administer it. The plan offers a number of investment options, typically mutual funds. The average number is 25, according to Brightscope, but some research suggests that once you get past 10 or 14 options, participation rates drop.
MAR 30, 2017
The Small/Mid Cap Equity Fund had one-year net outflows of $88.5 million as of Dec. 31, according to data from BrightScope. That fund, which launched in 2003, had a one-year return of 22.04% as of March 28, beating the S&P 500 by 6.72 percentage points, according to data from Morningstar. However, that fund’s benchmark is the Russell 2500.
MAR 27, 2017
The Anthem 401(k) plan represented about $5.3 billion in assets and had more than 63,500 active participants as of the end of 2015, according to Department of Labor data provided by BrightScope.
MAR 13, 2017
A spokesman for ABB declined to comment on the case, citing the pending litigation, but emphasized that the firm offers its employees a “comprehensive suite of health and welfare and retirement benefits.” The plan represented $1.6 billion as of the end of 2015, with more than 12,600 active participants, according to Department of Labor data available through BrightScope.
MAR 8, 2017
By acquiring BrightScope, Strategic Insight wanted to incorporate the smaller firm’s technology and data platform into that of the larger company, Alfred says. The firms have also been integrating sales and marketing efforts, he says.
MAR 7, 2017
Pimco’s Real Path series, which launched in 2008, holds about $457 million in assets, according to data from BrightScope. That series, which invests in actively managed underlying funds, has had net outflows over the past 12 months of about $230 million.
MAR 7, 2017
More than 2,000 active participants invested retirement assets through the plan, which represented more than $582 million as of the end of 2015, according to Department of Labor data provided by BrightScope.
MAR 6, 2017
Although 401(k)s are hardly ideal vehicles for retirement savings, they can work to your advantage. But most investors don't know how to best utilize them. Every year, the research firm Brightscope rates the best 401(k) plans. It searches far and wide and scans the filings of thousands of companies. The firm generally does an excellent job of comparing plans.
MAR 6, 2017
J.P. Morgan’s 401(k) plan held more than $21 billion in assets among about 280,000 participants as of the end of 2015, according to Department of Labor data provided by BrightScope.
FEB 28, 2017
Retirement plan sponsors are doing a good job of educating employees about how their plans work —and why they should continue saving through their 401(k)s — new research from the Investment Company Institute indicates.
FEB 28, 2017
Another resource is FossilFreeFunds.org, which tells investors whether any holdings in a mutual fund represent companies that produce high levels of carbon emissions, are big polluters or are fossil-fired utilities. The website is part of As You Sow, a nonprofit supported by several charitable organizations, including the Franciscan Sisters of Mary, and makes its evaluations based on data from Morningstar, Brightscope and other partners. Giving investors better information about what’s actually held in each fund helps them make better purchasing decisions.
FEB 28, 2017
Brooks Herman, head of data and research at BrightScope, notes that the latest list continues a trend:“We have witnessed average plan ratings improve each year in the Top 30 List — and this year is no different. This demonstrates that America’s employees and employers recognize how critical a high quality 401k plan is to maintaining an acceptable standard of living in retirement.”
FEB 24, 2017
Index funds are accounting for a higher percentage of assets in the 401(k) plans BrightScope considers the county’s best — a list dominated by airlines, energy companies and pharmaceutical firms. BrightScope’s annual top 30 401(k) plans list, which is now in its eighth year, lists its top five plans as Atlanta-based Delta Airlines’ 401(k) plan for pilots, which was not included on previous list; NFL’s Second Career Savings Plan, last year’s No. 1; the savings plan of the Saudi Arabian Oil Company, which dropped one spot; Southwest Airlines’ pilots’ plan, which repeated as the fourth-best plan; and ConocoPhillips’s plan, which rose three spots from its previous ranking.
FEB 23, 2017
Now in its eighth year, BrightScope said the plans on its Top 30 list continue to improve, with average salary deferral topping $14,500 per participant and company generosity exceeding $13,000 per participant. “This demonstrates that America’s employees and employers recognize how critical a high quality 401(k) plan is to maintaining an acceptable standard of living in retirement,” said Brooks Herman, BrightScope’s head of data and research.
FEB 23, 2017
“This is our eighth year compiling the year-end Top 30 ratings list, and yet again we see companies offering higher quality plans,” Brooks Herman, head of data and research at BrightScope, said in the statement. Herman noted that average plan ratings have improved each year that BrightScope has published the list. “This demonstrates that America’s employees and employers recognize how critical a high-quality 401(k) plan is to maintaining an acceptable standard of living in retirement,” he said.