July 17, 2019

Bucks Blog: BrightScope’s Efforts to Rate 401(k) Plans, Investment Advisers

The BrightScope brothers, Ryan and Mike, aim to rate every 401(k) and 403(b) retirement plan and publish a directory of every investment adviser, too.Sandy Huffaker for The New York TimesThe BrightScope brothers, Ryan and Mike, aim to rate every 401(k) and 403(b) retirement plan and publish a directory of every investment adviser, too.

In this week’s Your Money column, I chronicle the adventures of the BrightScope brothers, two young men who aim to rate every 401(k) and 403(b) retirement plan and publish a directory of every investment adviser, too.

Their efforts in just two years have yielded all sorts of complaints about the age and accuracy of the data they are using and their aggressive tactics. I was struck, as I reported in the column this week, by the defensive and exasperated tone of the people I spoke to who find Mike and Ryan Alfred threatening.

If you’re among those who have studied their work and found it wanting (or inspiring), please tell us in the comments below. But even if you have no idea who these guys are, check out your workplace retirement plan rating or your local investment adviser and let us know what you find.

Article source: http://feeds.nytimes.com/click.phdo?i=e641471b0e98a8c0f57f57c9c6e5230b

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