(CHARLOTTE, N.C.)—Parker Poe is ranked third on BrightScope, Inc.’s annual listing of the 25 highest-rated 401k employee retirement plans among Charlotte-based companies.
BrightScope, Inc. is a financial information company that specializes in retirement plans and wealth management. To compile its rankings, the company obtains information from public sources such as the Department of Labor and the Securities and Exchange Commission.
Total plan cost, employer matching contributions and the quality and variety of investment options are among the factors considered in the rankings.
This is the second year that Parker Poe has been recognized in BrightScope’s among the best 401k plans in the Charlotte area, the first being in 2010 when Brightscope ranked the Top 10 plans in the Charlotte region. Research was not conducted for a 2011 listing of area companies.
Nationally, Brightscope reviewed data on 46,000 retirement plans spanning 30 million employees to compile rankings for Charlotte and other markets across the country.
“It is gratifying to be recognized again by BrightScope, although the ultimate validation of our plan is the high percentage of the Firm’s personnel who are enrolled,” said Jonathan Crotty, a Partner and head of the Firm’s Employment & Labor Practice Group, and also the plan administrator. “These accomplishments reflect that in addition to being a leading law firm, Parker Poe is a great place to work.”
About Parker Poe
Parker Poe Adams & Bernstein LLP has more than 200 lawyers in five offices located in major markets across North Carolina and South Carolina. The Firm provides legal counsel to large commercial and public organizations on litigation, corporate and regulatory matters. It has been recognized in recent years as one of the fastest growing law firms in the United States and as an award-winning leader in the use of technology to provide better and more efficient service to domestic and international clients.