LCM Capital Management and BrightScope share a vision to offer plan sponsors and participants a detailed understanding of the total costs within a 401k or 403b plan
Chicago, IL (PRWEB) February 18, 2010
LCM Capital Management, a Chicago based Registered Investment Advisor, announced today that it has selected independent 401k data firm BrightScope to provide its clients and prospects with unbiased third party benchmarking on fees, investments, and performance. BrightScope’s proprietary data and 401k benchmarking tools will allow LCM Capital Management to provide retirement plan sponsors with total transparency into the underlying costs and performance of their retirement plans. LCM Capital Management is the first Chicago area investment advisory firm to utilize BrightScope’s tools for advisors.
“LCM Capital Management and BrightScope share a vision to offer plan sponsors and participants a detailed understanding of the total costs within a 401k or 403b plan”, said John Nowicki, President of LCM Capital Management. “Plan sponsors who choose to work with LCM Capital Management will have the opportunity to obtain significant cost savings, directly benefiting their employees who are saving for retirement,” added Gary Wozny, CEO.
LCM Capital Management’s decision to use BrightScope’s Advisor Central tools comes at a critical time for America’s workforce. More than 55 million Americans have 401k plans and many have lost a substantial portion of their savings during this economic crisis. To make matters worse, many plans have high and undisclosed fees, making saving for retirement even more precarious.
“We are proud to be selected by LCM Capital Management as its exclusive provider of 401k data and benchmarking”, said Mike Alfred, BrightScope’s CEO and co-founder. “LCM Capital Management is one of Chicago’s leading retirement plan advisors and their decision to use our Advisor Central product clearly demonstrates their commitment to full transparency and to obtaining the best outcomes for American workers.”
For further information contact John Nowicki or Gary Wozny at LCM Capital Management.
About LCM Capital Management:
Established in 1998, LCM Capital Management has been managing assets as a fiduciary for individual clients based upon full fee transparency and cost efficiency. Now, with the capabilities of BrightScope, LCM Capital Management provides small and mid-market companies an identical level of asset management within their 401k plans. http://www.lcmcapital.com.
BrightScope is committed to helping America’s workforce retire in dignity. BrightScope is an independent data analytics software firm that quantitatively rates 401k plans and gives employers, employees, and advisors tools to enhance plan performance and maximize retirement outlook. 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 plan quality at the company level. BrightScope-published ratings, rating definitions, criteria and methodologies are available on the company’s public site, http://www.brightscope.com.