Taft Ranked First in Analysis of Best Cincinnati Retirement Plans
November 13, 2013 // Franchising.com // CINCINNATI, OH – Taft Stettinius & Hollister LLP has been ranked first in a new analysis of the best Cincinnati retirement plans by BrightScope®, a San Diego-based research company that rates 50,000 plans nationwide. Taft’s scores placed the firm in the top 15 percent of all plans in its peer group and in the top 15 percent of plans for account balances, company generosity, investment menu quality, participation rate and salary deferral.
According to Managing Partner Thomas Terp, regular discussion regarding Taft’s savings and retirement plan remains a firm priority, particularly due to the volatility of the economy in recent years. "Each quarter, a committee of partners and professional advisors reviews Taft’s investment choices to ensure that the best possible investment choices are made available. The firm also holds education sessions for all plan participants in order to convey new information and provide an open forum for questions."
The Taft Stettinius & Hollister LLP Thrift Savings and Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. The plan offers 20 investment options and has more than 500 active participants.
BrightScope® is the leading independent provider of retirement plan ratings and investment analytics to participants, plan sponsors, asset managers, and advisors in all 50 states. The company maintains a comprehensive database of information on the retirement plan market and adds additional value and insight by quantitatively rating 401k and 403b plans across critical metrics. The BrightScope Rating™ developed in partnership with leading independent 401k fiduciaries, reviews more than 200 unique data inputs per plan and calculates a single numerical score which defines 401k and 403b plan quality at the company level.
At Taft Stettinius & Hollister LLP, delivering outstanding legal performance to help clients succeed is what drives and motivates our more than 330 attorneys every day. Taft has offices in Cincinnati, Cleveland, Columbus and Dayton, Ohio; Indianapolis, Indiana; Covington, Kentucky; and Phoenix, Arizona. The firm practices across a wide range of industries, in virtually every area of law, including Business and Finance; Litigation; Labor and Employment; Intellectual Property; Business Restructuring, Bankruptcy and Creditor Rights; Environmental; Health and Life Sciences; Private Client Services; Real Estate; and Tax. With a proven track record of experience since 1885, the firm offers breadth and depth of legal expertise coupled with a trusted business perspective to help our clients, big and small, regionally, nationally and internationally, reach their goals.