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Arrowpoint Capital's 401k Plan Named One of Five Best in Charlotte
Arrowpoint Capital was ranked fifth among the top 25 Charlotte area-based companies with the best 401k plans containing more than $50 million in assets, according to BrightScope, a leading independent provider of retirement plan ratings.
The 401k plan moved up four spots from BrightScope’s first listing two years ago, when the Arrowpoint plan ranked ninth.
"An effective 401k plan helps instill employees' confidence in their financial futures and should be placed in high regard as an important aspect of a company's culture," said Dan Weeks, co-founder and COO of BrightScope.
According to its news release, BrightScope has rated more than 46,000 retirement plans, spanning 30 million workers and $2 trillion in assets, and provided information on more than 770,000 financial advisors.
In making its analysis, BrightScope examines such factors as total plan cost, company generosity and investment menu quality.
Other companies/firms placing in the Charlotte top 5 were Cogentrix Energy; Robinson, Bradshaw & Hinson, P.A.; Parker Poe Adams & Bernstein LLP; and Moore & Van Allen PLLC. Others in the top 25 included EnPro Industries, Goodrich Corporation, Premier Inc., Piedmont Natural Gas Company and SPX Corporation.