401K plans at Cleveland-area companies growing; more than 20 companies see increased value

CLEVELAND - Do you cringe every month when you get your 401K statement? Corporate-sponsored savings accounts have taken a beating in these uncertain economic times.

A San Diego independent financial information and investment research company revealed Thursday that employees at some Cleveland companies are getting back what they pay into their accounts.

Documentation obtained by BrightScope from the Department of Labor, along with the Securities and Exchange Commission, shows several Cleveland corporations have 401K plans that each contain more than $50 million in assets. Those companies include:

· Jones Day
· Fairmount Minerals, Ltd.
· EMP Management Group, Ltd
· Calfee Halter & Griswold
· Thompson Hine LLP
· Garland Industries, Inc
· Cliffs Natural Resources Inc.
· Squire, Sanders & Dempsey L.L.P.
· The Lubrizol Corporation
· Novelis
· Swagelok Company
· FirstEnergy Corp.
· Goodyear Tired & Rubber Company
· PolyOne Corporation
· Parker-Hannifin Corporation
· KeyCorp
· STERIS Corporation
· Ohio Farmers Insurance Company
· J.M. Smucker Company
· Eaton Corporation
· The Progressive Corporation
· Thompson Hine LLP
· PolyOne Corporation
· Graf Tech International Ltd.

BrightScope's 401k plan  was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. Analyzing more than 200 individual data points, the BrightScope Rating algorithm can calculate a single numerical score for each 401k plan in the country.

The data points examined cover broad categories such as total plan cost, company generosity and investment menu quality.

If you would like to learn more about the BrightScope rankings, check out the website:
http://www.brightscope.com