Saturday, November 26, 2011
News Corp. tops retirement plans
If the involves TV ratings, CBS and Fox are slugging it to get the best honors. But Murdoch's internet edges the interest web if the involves worker 401(k) plans.Financial information firm BrightScope rates thousands of company retirement intentions of the scale of zero to 100, including people in the four major TV nets. News Corp.'s Fox plan's near the top of the heap getting a score of 78. CBS follows carefully in second place with 77. Disney (ABC) will come in at 74, and Comcast (NBC) trails at 71.Brightscope states it seeks to produce "transparency to opaque areas." Its ratings be a consequence of six criteria: total plan cost, company generosity, investment menu quality, participation rate, salary deferrals and account balances. Three in the four plans get top marks for least expensive cost to employees. News Corp.'s plan prices is under as low (despite the fact that it's "low costs") nevertheless it scores best on participation and deferrals.CBS stood a "poor" rating due to its investment menu, which probably cost this program the most effective place among TV nets.Some companies have multiple plans, and News Corp. features a separate 401(k) due to its News America unit. That plan features a rating of 71. Contact the number newsroom at news@variety.com
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