Brightscope Rates and Explains Your 401k Plan [Investments]
Like driver’s license copies and health insurance sign-ups, 401k plans are something most employees sign off on their first day and never look back at. Webapp Brightscope aims to give workers fare more information about how their plan is doing.
The independent site provides a number ranking for companies it can compile data on, taking fees, employer contribution matching, employee participation, and other factors into account. The site doesn’t give a whole lot out about how their rankings are achieved, but it does provide a clean interface to scan all the data you’d like about average account balances, who’s managing the plan, and other data. You can contribute your own findings and comments on a company (anonymously, if you’d like), and see how other companies in the industry match up with their own 401k plans.
It’s not the most fun data in the world to look over, especially given the market conditions, but BrightScope just might inspire you to look at how much you’re putting in, and getting back, from your paycheck withholding. Free to use, sign-ups required for some features.
Popularity: unranked [?]