What is BrightScope?
BrightScope is a financial information company providing services for retirement planning and wealth management through web-based software.
What is a BrightScope rating?
The BrightScope rating algorithm analyzes more than 200 data points per plan and calculates a numerical score for every 401(k) plan in the country. The algorithm runs thousands of simulations for each plan to determine how quickly the average 401(k) participant will get to retirement via their employer’s plan.
How do I find a company’s 401k plan?
The simplest and most direct way to check up on an old 401(k) plan is to contact the human resources department or the 401(k) administrator at the company where you used to work. Be prepared to state your dates of employment and Social Security number so that plan records can be checked.
How are 401k fees assessed?
Investment fees. Fees for investment management and other investment-related services generally are assessed as a percentage of assets invested. You pay for them in the form of an indirect charge against your account because they are deducted directly from your investment returns.
Where is brightscope located?
San Diego, CA
Overview Suggest Edit
| Type | Private | |
|---|---|---|
| Founded | 2008 | |
| HQ | San Diego, CA, US | Map |
| Website | brightscope.com | |
| Employee Ratings | 3.7 | More |
Do all 401k plans have to file a 5500?
In general, all retirement plans, such as profit-sharing and 401(k) plans, must file a Form 5500 for every year the plan holds assets.
How much are Fidelity 401k fees?
While their per-capita admin fee was below the $422.30 average in our 2018 401(k) fee study, that number can easily grow much higher due to the way these fees are charged….What are Average Fidelity 401(k) Fees?
| Average Fidelity 401(k) Fees | |
|---|---|
| Avg. Plan Assets | $4,007,011.94 |
| Per-Capita Admin Fees | $309.63 |
| All-In Fees | 0.71% |
How do I find my 401K with social security number?
Contact Your Former Employer. The simplest and most direct way to check up on an old 401(k) plan is to contact the human resources department or the 401(k) administrator at the company where you used to work. Be prepared to state your dates of employment and Social Security number so that plan records can be checked.
How do I find an old 401K account for free?
Check the National Registry of Unclaimed Retirement Benefits. The National Registry is a nationwide, secure database listing of retirement plan account balances that have been left unclaimed by former participants of retirement plans. It is essentially a search engine of lost 401(k) plans.
What is a good 401K fee?
Fees around 0.50% are reasonable for a 401(k). Anything over 1% is getting into a territory that’s more beneficial to the plan manager than the savers. Again, the fees are probably worthwhile if you get an employer match for your 401(k) contributions.
What is considered a good 401K fee?
If you’re wondering what is the average management fee for a 401(k) plan, it ranges from 0.5% to 1%. Knowing the average 401(k) management fees enables you to avoid paying unreasonable 401(k) fees and expenses. When it comes to 401(k) provider fees, what is reasonable is anything below 1%.