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Arrowpoint Capital's 401k Plan Named One of Best in Charlotte

 
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Arrowpoint Capital's 401k Plan Named One of Best in Charlotte
11/06/2010

Arrowpoint Capital was among the top 10 Charlotte area-based companies with the best 401k plans, according to BrightScope, a leading independent provider of retirement plan ratings.

The firm named The 401k Plan of Arrowood Indemnity Company as #9 among plans containing more than $50 million in assets.

Mike Alfred, CEO and co-founder of BrightScope, said that the top 10 companies “demonstrate that they value their employees by providing the building blocks for a successful retirement.”

BrightScope obtains data from publicly available sources such as the Department of Labor and the Securities and Exchange Commission.  Data points examined cover broad categories such as total plan cost, company generosity and investment menu quality. 

According to BrightScope, its rating was developed in partnership with leading independent 401k fiduciaries, who review more than 200 unique data inputs per plan and calculate a single numerical score which defines 401k plan quality at the company level.