Friday, January 22, 2010

BrightScope Ratings on 401k Plans

BrightScope quantitatively rates 401k plans and gives participants, plan sponsors, and advisors tools to make their plans better.

What is a BrightScope rating?
The BrightScope RatingTM is a quantitative 401k plan rating developed by BrightScope with the help of leading independent fiduciaries, finance professors and 401k experts. The BrightScope rating algorithm takes in 200+ unique data inputs per plan and calculates a single numerical score for every 401k plan in the country. The algorithm runs thousands of simulations for each plan in order to determine how quickly each 401k plan will get the average 401k participant to retirement. BrightScope believes that this rigorous approach is necessary to ensure that every factor that affects retirement outcomes - company contributions, fees, investment menu quality, vesting schedules, eligibility periods etc. - is accurately reflected in a company's rating.

The BrightScope RatingTM is designed to assist industry participants in determining the relative quality of a company's 401k plan when compared to a unique peer group of companies with employees of a similar demographic makeup. We believe that industry adoption of the BrightScope RatingTM will ultimately lead to more cost-effective plans, increased participation rates, higher employee satisfaction, and better outcomes for employees who depend on their 401k plan for retirement.


Media Coverage of BrightScope:
- The Wall Street Journal
- Business Week
- CNN Money
- USA Today
- Forbes
- CNBC


BrightScope rating of other companies’ 401k plans:
The BrightScope Rating measures the ability of your plan to get the average 401k participant to retirement and is calculated by running thousands of simulations on the plan. The "Plan Component Ratings" provide an easy-to-understand analysis of the health and performance of a 401k plan independent of its BrightScope Rating. What is your company’s BrightScope rating? Go to www.brightscope.com to find out.

Some sample ratings of local companies include:
Nordstrom 56
Amazon.com 59
Starbucks 45

BrightScope rating of our flagship 401k client:

Integrity Financial Corporation’s flagship 401k client is the Association of Washington Business (AWB) in Olympia. AWB is Washington state’s premier advocate for the business community and is recognized as The State’s Chamber of Commerce. The AWB 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 76, placing it in the top 15% of all plans in its peer group. We are delighted to provide references for the quality of our service model. As a boutique consulting practice, we distinguish ourselves by tailoring solutions to the unique needs of our clients. Integrity Financial Corporation welcomes the opportunity to serve you. To learn more go to www.ifclegacy.com

Are You a 401k Participant? Look up your company in the search bar to see how it compares.
Are You a Plan Sponsor? Benchmark your plan against your competitors'.

Integrity Financial Corporation helps business owners and executives evaluate and make smart financial planning decisions on behalf of their business. Our firm specializes in 401k plans for local mid-size companies. Our flagship 401k client is the Association of Washington Business (AWB) in Olympia. Our state-of-the-art processes will provide greater employee satisfaction and participation, while reducing plan anxiety by the sponsors. As a boutique consulting practice, we distinguish ourselves by tailoring solutions to the unique needs of our clients. Integrity Financial Corporation welcomes the opportunity to serve you. To learn more go to www.ifclegacy.com

Integrity Financial Corporation helps business owners and individuals build a financial legacy through well designed executive compensation and retirement plans. Our clients can expect to receive personalized service and expertise, built on a foundation of trust. Call us at 425-454-1254 for the Seattle or Bellevue area, or at 1-800-794-401k.

Please visit our website at
www.ifclegacy.com to have an independent fiduciary 401k advisor at Integrity Financial Corporation analyze and evaluate your company's 401k plan.

Source: brightscope.com

1 comment:

james said...

That was a really very good article. I am glad to know. Thanks!
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