BrightScope Releases 2009 Top 30 401k Plan List
SAN DIEGO, CA, December 8, 2009 -- BrightScope (www.brightscope.com), a leading provider of independent retirement plan ratings and investment research, is proud to announce its first BrightScope Year-End Top 30 Ratings List covering 401k plans with more than $1B in assets. BrightScope obtains an increasing amount of its data directly from plan sponsors and record keepers, and augments these primary sources with data from publicly available sources such as the Department of Labor and the Securities and Exchange Commission. By analyzing and interpreting this data, BrightScope provides unprecedented transparency into the 401k industry.
BrightScope's 401k plan Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. Analyzing more than 200 individual data points, the BrightScope rating algorithm calculates a single numerical score for each 401k plan in the country. The data points examined cover broad categories such as total plan cost, company generosity and investment menu quality.
"We're pleased to release the first BrightScope end of year Top 30 List because it is an opportunity to recognize companies that have done an outstanding job designing 401k plans that drive successful retirement outcomes for their employees," said Mike Alfred, CEO and co-founder of BrightScope. "These top 30 401k plans demonstrate the best of the best when it comes to fee structures, company generosity, participation rates, salary deferrals, and other quantitative factors."
The first company to top the BrightScope Year-End Ranking is Saudi Arabian Oil Company, with a BrightScope Rating of 92.89, followed closely by UAL Corporation (United Airlines Pilot Directed Account Plan), rated 90.59. Rounding out the third spot is Wellington Management Company, LLP, currently rated 88.66.
The entire list of the Top 30 401k Plans with more than $1 Billion in assets include:
Plan Name Rating Location
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1. The Savings Plan of Saudi Arabian Oil Company 92.89 Houston, TX
http://www.brightscope.com/401k-rating/437686/Saudi-Arabian-Oil-Company/443
449/The-Savings-Plan-Of-Saudi-Arabian-Oil-Company/
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2. United Airlines Pilot Directed Account Plan 90.59 Chicago, IL
http://www.brightscope.com/401k-rating/167103/Ual-Corporation/169723/United
-Airlines-Pilot-Directed-Account-Plan/
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3. Wellington Retirement and Pension Plan 88.66 Boston, MA
http://www.brightscope.com/401k-rating/13617/Wellington-Management-Company
-Llp/13804/Wellington-Retirement-And-Pension-Plan/
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4. Southwest Airlines Pilots Retirement Savings
Plan 86.68 Dallas, TX
http://www.brightscope.com/401k-rating/343176/Southwest-Airlines-Co/348002/
Southwest-Airlines-Pilots-Retirement-Savings-Plan/
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5. SchwabPlan Retirement Savings and Investment
Plan 86.15 San Francisco, CA
http://www.brightscope.com/401k-rating/417864/The-Charles-Schwab-Corporati
on/423348/Schwabplan-Retirement-Savings-And-Investment-Plan/
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6. ConocoPhillips Savings Plan 86.13 Bartlesville, OK
http://www.brightscope.com/401k-rating/338447/Conocophillips-Company/343236
/Conocophillips-Savings-Plan/
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7. Chevron Employee Savings Investment Plan 86.04 San Ramon, CA
http://www.brightscope.com/401k-rating/410674/Chevron-Corporation/416040/C
hevron-Employee-Savings-Investment-Plan/
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8. ExxonMobil Savings Plan 85.84 Houston, TX
http://www.brightscope.com/401k-rating/55063/Exxon-Mobil-Corporation/55974
/Exxonmobil-Savings-Plan/
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9. Employees' Savings and Retirement Plan of
Credit Suisse Securities (USA), LLC 85.83 New York, NY
http://www.brightscope.com/401k-rating/26606/Credit-Suisse-Securities-Usa-L
lc/26928/Employees-Savings-And-Retirement-Plan-Of-Credit-Suisse-Securities-
Usa-Llc/
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10. Amgen Retirement and Savings Plan 85.69 Thousand Oaks, CA
http://www.brightscope.com/401k-rating/429237/Amgen-Inc/434884/Amgen-Retire
ment-And-Savings-Plan/
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11. Nucor Corporation Profit Sharing and
Retirement Savings Plan 85.61 Charlotte, NC
http://www.brightscope.com/401k-rating/43962/Nucor-Corporation/44605/Nucor
-Corporation-Profit-Sharing-And-Retirement-Savings-Plan/
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12. BP Employee Savings Plan 85.43 Houston, TX
http://www.brightscope.com/401k-rating/164763/Bp-Corporation-North-America
-Inc/167290/Bp-Employee-Savings-Plan/
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13. Pharmacia Savings Plan - Pfizer Inc. 85.01 Peakpack, NJ
http://www.brightscope.com/401k-rating/55026/Pfizer-Inc/55931/Pharmacia-Sa
vings-Plan/
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14. PACCAR Inc Savings Investment Plan 84.77 Bellevue, WA
http://www.brightscope.com/401k-rating/393943/Paccar-Inc/399138/Paccar-Inc-
Savings-Investment-Plan/
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15. The Cargill Partnership Plan 83.58 Minneapolis, MN
http://www.brightscope.com/401k-rating/209421/Cargill-Incorporated/212912/
The-Cargill-Partnership-Plan/
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16. Textron Savings Plan 83.57 Providence, RD
http://www.brightscope.com/401k-rating/24881/Textron-Inc/25187/Textron-Savi
ngs-Plan/
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17. Valero Energy Corporation Thrift Plan 83.53 San Antonio, TX
http://www.brightscope.com/401k-rating/343878/Valero-Energy-Corporation/348
710/Valero-Energy-Corporation-Thrift-Plan/
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18. Freescale 401(k) Retirement Savings Plan 82.68 Austin, TX
http://www.brightscope.com/401k-rating/69287/Freescale-Semiconductor-Inc/70
395/Freescale-401K-Retirement-Savings-Plan/
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19. The 401(k) Savings and PSP of The
McGraw-Hill, Inc. and its Subsidiaries 82.56 New York, NY
http://www.brightscope.com/401k-rating/43309/The-Mcgraw-Hill-Companies-Inc/
43888/The-401K-Savings-And-Psp-Of-The-Mcgraw-Hill-Inc-And-Its-Subsidiaries/
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20. Bayer Corporation Savings and Retirement Plan 82.52 Pittsburgh, PA
http://www.brightscope.com/401k-rating/119949/Bayer-Corporation/121795/Baye
r-Corporation-Savings-And-Retirement-Plan/
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21. UBS Savings and Investment Plan 82.49 Stamford, CT
http://www.brightscope.com/401k-rating/437794/Ubs-Ag/443559/Ubs-Savings-
And-Investment-Plan/
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22. Schering-Plough Employees' Savings Plan 82.42 Kenilworth, NJ
http://www.brightscope.com/401k-rating/90393/Schering-Plough-Corporation/91
719/Schering-Plough-Employees-Savings-Plan/
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23. GlaxoSmithKline Retirement Savings Plan 82.21 Philadelphia, PA
http://www.brightscope.com/401k-rating/105123/Smithkline-Beecham-Corporati
on/106678/Glaxosmithkline-Retirement-Savings-Plan/
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24. Motorola, Inc. 401(k) Plan 82.16 Schaumburg, IL
http://www.brightscope.com/401k-rating/164387/Motorola-Inc/166896/Motorola-
Inc-401K-Plan/
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25. Avaya Inc. Savings Plan for Salaried
Employees 82.13 Basking Ridge, NJ
http://www.brightscope.com/401k-rating/103392/Avaya-Inc/104900/Avaya-Inc-Sa
vings-Plan-For-Salaried-Employees/
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26. Nortel Networks Long-Term Investment Plan 81.57 Nashville, TN
http://www.brightscope.com/401k-rating/12031/Nortel-Networks-Corporation/12
163/Nortel-Networks-Long-Term-Investment-Plan/
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27. Federal Express Corporation Pilots'
Retirement Savings Plan 81.34 Memphis, TN
http://www.brightscope.com/401k-rating/331310/Fedex-Corporation/336046/Fede
ral-Express-Corporation-Pilots-Retirement-Savings-Plan/
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28. IBM Savings Plan 81.29 Armonk, NY
http://www.brightscope.com/401k-rating/43285/International-Business-Machine
s-Corporation/43863/Ibm-Savings-Plan/
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29. Lockheed Martin Corporation Salaried Savings
Plan 81.26 Bethesda, MD
http://www.brightscope.com/401k-rating/252283/Lockheed-Martin-Corporation/2
56362/Lockheed-Martin-Corporation-Salaried-Savings-Plan/
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30. General Dynamics Corporation Savings and
Stock Investment Plan (Plan 4.5) 81.05 Falls Church, VA
http://www.brightscope.com/401k-rating/43621/General-Dynamics-Corporation/4
73051/General-Dynamics-Corporation-Savings-And-Stock-Investment-Plan-Plan-
45/
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BrightScope has rated more than 25,000 401k plans, spanning more than 30 million workers and over $1.9 trillion in assets. The BrightScope Rating covers small plans with assets of $50,000 through large plans with more than $30 billion, and can be found at its public disclosure Web site: www.BrightScope.com. The company is working to rate more than 30,000 plans by the end of 2009.
About BrightScope
BrightScope is committed to helping America's workforce retire in dignity. BrightScope is an independent data analytics software firm that quantitatively rates 401k plans and gives employers, employees, and advisors tools to enhance plan performance and maximize retirement outlook. The BrightScope Rating ™ developed in partnership with leading independent 401k fiduciaries, reviews more than 200 unique data inputs per plan and calculates a single numerical score which defines 401k plan quality at the company level. BrightScope-published ratings, rating definitions, criteria and methodologies are available on the company's public site, www.brightscope.com.
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