New Feature: Form 5500 Data

Each year pension plans are required to file an annual report documenting their financial condition, investments, and operations. This requirement is satisfied by filing the Form 5500 Annual Return/Report and any required attachments with the Department of Labor. While the Department of Labor makes the data contained in the Form 5500 filings “publicly available”, BrightScope understands that “publicly available” doesn’t …

New Companies with BrightScope Ratings

These are a few of the notable plans which can now be found on the BrightScope website: Company Net Assets General Motors (2) – $20,800,000,000 BP – $9,970,000,000 Bank of America – $4,390,000,000 Alcoa (3) – $4,300,000,000 Bristol-Myers Squibb – $3,414,000,000 Coca-Cola Enterprises – $1,498,000,000 Avaya Inc. – $1,463,000,000 Aramark Corporation (2) – $1,250,000,000 Medco Health – $840,000,000 Symantec Corporation …

What We Are Reading

Here are some of the things that BrightScope is reading: The House Education and Labor Committee is marking up H.R.2989 this morning.  The 401(k) Fair Disclosure and Pension Security Act of 2009 (H.R. 2989) is new legislation that combines provisions from the recently approved fee disclosure and investment advice bills (H.R. 1984 and H.R. 1988). The bill also includes modest …

New Companies with BrightScope Ratings

These are a few of the notable plans which can now be found on the BrightScope website: Company Net Assets Cisco Systems – $3,650,000,000 PricewaterhouseCoopers – $2,930,000,000 Liberty Mutual Group – $2,821,000,000 UnitedHealth Group – $2,782,000,000 Bayer Corporation – $2,646,000,000 American Standard – $1,569,000,000 Kellogg Brown & Root LLC – $1,512,000,000 Danaher Corporation – $1,320,000,000 Sony Electronics – $1,285,000,000 Pentegra …

Letter in Support of H.R. 1984

This Wednesday June 17th the House Committee on Education and Labor will meet to markup H.R. 1984, the 401k Fair Disclosure for Retirement Security Act of 2009. BrightScope has reviewed the bill in its current form and has expressed its full support for the legislation in a letter to the committee members. No piece of important legislation will ever be …

New Companies with BrightScope Ratings

BrightScope has made many changes over the past month, including updating 80% of plans to reflect data through the 2007 plan year.  Many previously rated plans now have updated scores and there are over 100 new plans rated.  Our goal for 2009 is to have 25,000 plans rated.  It is an ambitious goal but we feel that it is attainable …