Is the BrightScope rating just a combination of the six “Plan Component Ratings”?
No. The Plan Component Ratings are calculated separately from the BrightScope Rating and do not sum up in any way – linearly or otherwise – to the BrightScope Rating. The BrightScope Rating measures the ability of your plan to get the average 401k participant to retirement and is calculated by running thousands of simulations on the plan. The “Plan Component Ratings” provide an easy-to-understand analysis of the health and performance of a 401k plan independent of its BrightScope Rating.