Eventually, it … Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Brightstar Corp. 401k Plan currently has over 1,300 active participants and over $64.0M in plan assets. Glassdoor is your resource for information about the 401K Plan benefits at BrightScope. When I convert my regular IRA to a Roth IRA, do I have to pay the taxes all at once? The BrightScope Rating measures how effective a 401k plan is at getting its participants to retirement. This plan is in the top 15% of plans for Total Plan Cost. By analyzing more than 200 individual data points, the BrightScope Rating algorithm calculates a single numerical value for each 401k plan. In fact, the Tesla 401k plan, with more than 40,000 active participants and over $633 million in plan assets, has a very pedestrian BrightScope Rating of 68. Top 15% of Plans in Peer Group (#) Indicates number of plans for this company . BrightScope 401K Ratings: BrightScope is another great option to evaluate a company’s 401(k) plan. Your use of this service is subject to ourTerms of UseandPrivacy Policy. Home > 401k Ratings Directory Ratings Directory. Analyzing more than 200 individual data points, the BrightScope Rating algorithm can calculate a single numerical score for each 401k plan in the country. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves, Copyright © 2008-2021, BrightScope Inc. All Rights Reserved. The BrightScope Rating measures how effective a 401k plan is at getting its participants to retirement. Top Plan in its Peer Group. Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties. With the acquisition of Cammack’s $154 billion book of business, CAPTRUST now reports assets in excess of $600 billion; one leader at the firm says the growth is nowhere near finished. This plan is in the top 15% of plans for Salary Deferral. This is a complete list of all corporate and government 401k, 403b and 457 retirement plans with BrightScope Ratings. When I convert my regular IRA to a Roth IRA, do I have to pay the taxes all at once? The BrightScope rating algorithm calculates a single numerical score for each 401k plan in the country after considering over 200+ individual data points in broad categories such as total plan cost, company generosity and … The BrightScope Rating is an industry standard quantitative 401k plan rating developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. The BrightScope Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (77) and the top rated plan (91) could equate to: *The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. Participants have a paltry average account balance of $17,000. Much of the text of the complaint is dedicated to detailing the reduction in the average fees paid by large U.S. retirement plans for both investments and administrative services. CBCC 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. Brightstar Corp. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. "BrightScope has developed a 100% quantitative, independent analysis for 401k plans that will be a valuable resource for companies to benchmark their plans compared to plans of … CBCC 401k Profit Sharing Plan currently has over 200 active participants and over $19.4M in plan … Boeing Fee Settlement Highlights the High Bar for Large Plans. 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. Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. 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. It’s always interesting to hear about companies that offer particularly strong 401k plans, which is why MONEY’s new rankings of “401k superstars” released June 10—companies offering workers top-rated plans in various industries—caught our eye. This plan is in the top 15% of plans for Salary Deferral. BrightScope Ratings take into account over 200 unique data inputs per plan and calculate a single numerical score to define 401k plan quality at the company level. This plan has a BrightScope Rating of 72. Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants. Our community of registered financial advisors are standing by to share their experience. Much of the text of the complaint is dedicated to detailing the reduction in the average fees paid by large U.S. retirement plans for both investments and administrative services. Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice.BrightScope is not a fiduciary under ERISA. More details about the BrightScope Rating can be obtained in the FAQ section … Read More. Park National Corporation Employees Stock Ownership Plan, Boeing Fee Settlement Highlights the High Bar for Large Plans. The plan has a BrightScope Rating of 82, placing it in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. The data points examined cover broad categories such as total plan cost, company generosity and investment menu … BrightScope released its annual ranking of the top 401 (k) plans with more than $1 billion in assets. BrightScope says it has rated 4,000 401k plans, spanning 20 million workers and $1.2 trillion in assets. Additionally, BrightScope receives investment data from Xignite. Our community of registered financial advisors are standing by to share their experience. BrightScope says it has rated 4,000 401k plans, spanning 20 million workers and $1.2 trillion in assets. Should I purchase an Annuity for my retirement? BrightScope’s Top 30 list comprises large 401k plans with high overall quality, as measured by the BrightScope Rating. This plan is in the top 15% of plans for Account Balances. Should I purchase an Annuity for my retirement? The new BrightScope Rating is a quantitative 401k plan rating developed by BrightScope, Inc. in partnership with some of the country's top independent fiduciaries, finance professors, and 401k experts. 1. “The quality of 401k plans offered by Houston’s top rated companies exceed industry standards, all with a BrightScope Rating greater than 86,” said Brooks Herman, Head of Data & Research at BrightScope. Laird Connectivity, Inc. 401k Plan currently has over 200 active participants and over $26.0M in plan … NFP Named in ERISA Lawsuit Alongside Plan Sponsor. This plan has a BrightScope Rating of 68. As a young professional starting a new career, what would you recommend a Roth IRA or IRA? The BrightScope Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. 401K Employee Benefits, Inc. 401K Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. The BrightScope Rating™, developed in partnership with leading independent 401k fiduciaries, reviews more than 200 unique data inputs per plan and calculates a … BrightScope is not endorsed by or affiliated with FINRA. “The most progressive companies realize employees … The BrightScope Rating measures how effective a 401k plan is at getting its participants to retirement. Learn about BrightScope 401K Plan, including a description from the employer, and comments and ratings provided anonymously by current and former BrightScope employees. This plan has a BrightScope Rating of 75. The BrightScope/ICI Defined Contribution Plan Profile: A Close Look at 401(k) Plans, 2017 | 7 401(k) Plan Enrollment, Employer Contributions, and Use of Loans Employers choose the features to include in their 401(k) plans, including whether to automatically enroll participants, whether to NFP Named in ERISA Lawsuit Alongside Plan Sponsor. Top 25 law firms with the highest ranked 401k plans containing more than $100 million in assets: Company - Plan Name - BrightScope Rating. A look at what worked particularly well in 2020 and that could keep propelling growth in 2021. The company says it is working to rate more than 30,000 plans by the end of 2009. The data points examined cover broad categories such as total plan cost, company generosity and investment menu … The BrightScope rating algorithm calculates a single numerical score for each 401k plan in the country after considering over 200+ individual data points in broad categories such as total plan cost, company generosity and investment menu quality. Today BrightScope is pleased to announce the Top 30 401k Plans of 2015. BrightScope’s 401k plan Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. By analyzing more than 200 individual data points, the BrightScope Rating algorithm calculates a single numerical value for each 401k plan. The BrightScope Rating for small plans with assets of $50,000 to large plans with more than $30 billion can be found at www.BrightScope.com. It also provides a way for retirement plan sponsors to avoid a partial plan termination. Laird Connectivity, Inc. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice.BrightScope is not a fiduciary under ERISA. Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties. Park National Corporation Employees Stock Ownership Plan is a defined contribution plan with a 401k feature and ESOP component. Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. More details about the BrightScope Rating can be obtained in the FAQ section of the BrightScope website. Stimulus Bill Extends Some Provisions of the CARES Act, The Inside Take: CAPTRUST’s Cammack Acquisition, Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals. THE 401(K) PRODUCTS BrightScope soon published scores of consumer ratings, and it eventually added 403(b) retirement plan rankings, too, for nonprofit groups. BrightScope’s Top 30 list comprises large 401k plans with high overall quality, as measured by the BrightScope Rating. The plan is rated average for fees, participation rate and salary deferrals, and poor for account balances and company generosity. With the acquisition of Cammack’s $154 billion book of business, CAPTRUST now reports assets in excess of $600 billion; one leader at the firm says the growth is nowhere near finished. Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants. This plan is in the top 35% of plans for Account Balances. BrightScope’s Top 30 list comprises large 401k plans with high overall quality, as measured by the BrightScope Rating. BrightScope 401K Ratings: BrightScope is another great option to evaluate a company’s 401(k) plan. BrightScope is not endorsed by or affiliated with FINRA. Your use of this service is subject to ourTerms of UseandPrivacy Policy. BrightScope lists it with over 84,500 active participants (with an average account balance of $110,000) and over $9 billion in plan assets. The BrightScope Rating for small plans with assets of $50,000 to large plans with more than $30 billion can be found at www.BrightScope.com. Here is a list of the 10 plans, each plan's current BrightScope rating, and its total assets as of the end of 2009: 1. Park National Corporation Employees Stock Ownership Plan currently has over 2,400 active participants and over $158.3M in plan assets. It also provides a way for retirement plan sponsors to avoid a partial plan termination. 401K Employee Benefits, Inc. 401K Profit Sharing Plan currently has fewer than 100 active participants and over $4. As a young professional starting a new career, what would you recommend a Roth IRA or IRA? This plan has a BrightScope Rating of 65. It helps advisors identify optimal 401k opportunities, schedule meetings with plan sponsors, and prepare fully benchmarked reports with complete plan and fee analysis. A look at what worked particularly well in 2020 and that could keep propelling growth in 2021. More details about the BrightScope Rating can be obtained in the FAQ section of the BrightScope website. By analyzing more than 200 individual data points, the BrightScope Rating algorithm calculates a single numerical value for each 401k plan. This plan has a BrightScope Rating of 77. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves, Copyright © 2008-2021, BrightScope Inc. All Rights Reserved. For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (75) and the top rated plan (92) could equate to: *The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. BrightScope Spyglass offers the most complete 401k database on the market. Stimulus Bill Extends Some Provisions of the CARES Act, The Inside Take: CAPTRUST’s Cammack Acquisition, Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals.