How can BrightScope Help Plan Sponsors?
• Risk Assessment & Fiduciary Prudence: The BrightScope Rating was designed in conjunction with some of the country’s top independent fiduciaries, finance professors, and 401k experts. The rating uses fiduciary principles to rate the quality of a plan, such that an improvement in a plan’s rating will result in better retirement outcomes for participants and reduced fiduciary liability. • Benchmarking & Recruiting: The BrightScope Rating gives companies a better way to understand the quality of their plan. The rating is designed to assist industry participants in determining the relative quality of a company’s 401k plan when compared to a unique peer group with similar demographic characteristics. • Public Recognition: BrightScope publicly recognizes those HR professionals who have done an outstanding job managing their plan and gives the top-rated plans in each industry a BrightScope seal to showcase their success. An employer can use this positive recognition to attract and retain emp
