Top 25 Houston 401k Plans

BrightScope is pleased to announce the release of our third annual list of the top Houston area-based companies with the highest ranked 401k plans containing more than $100 million in assets.

“Houston’s top 401k plans, while impressive in the past, keep getting better year over year—now we see higher ratings from the top to bottom of this prestigious list,” said Dan Weeks, Co-Founder of BrightScope. “A secure financial future for employees becomes ever more feasible when employers make the types of improvements to plans that we are observing from Houston-based companies.”

Noteworthy findings in the 2013 Top 25 Houston 401k Plans list include:

  • First Appearances: Marathon Oil Company (No. 1), BHP Holdings International, Inc. (No. 4), Plains Exploration and Production Company (No. 7), Chevron Phillips Chemical Company LP (No. 18), and CGGVeritas Services (U.S.) Inc. (No. 25) enter the rankings this year
  • No Shows: Bracewell & Giuliani, LLP, Dynegy Inc., Vinson & Elkins LLP, Calpine Corporation, and Vallourec & Mannesmann Holdings Inc. which appeared on the previous list (in spots 12, 15, 19, 22, and 23, respectively), did not make this year’s ranking
  • Average account balance for plans listed is $218,069
  • 90.13% is the average participation rate for plans on the list
  • Average company generosity for plans listed is $10,086; the median is $9,271
  • Average salary deferral for plans listed is $11,472; the median is $10,559

Rank

Company

Plan Name

BrightScope Rating

1 Marathon Oil Company Marathon Oil Company Thrift Plan 91.69
2 Saudi Arabian Oil Company The Savings Plan of Saudi Arabian Oil Company 90.87
3 GenOn Energy Services, LLC GenOn Energy Savings Plan 88.94
4 BHP Holdings International, Inc. BHP USA Retirement Savings Plan 88.87
5 Greater Houston Anesthesiology, P.A. Greater Houston Anesthesiology, P.A. 401(k) Profit Sharing Plan 88.39
6 Diamond Offshore Management Company Diamond Offshore 401(k) Plan 87.34
7 Plains Exploration and Production Company Plains Exploration and Production Company 401(k) Plan 87.00
8 Exxon Mobil Corporation ExxonMobil Savings Plan 86.88
9 Anadarko Petroleum Corporation Anadarko Employee Savings Plan 86.47
10 BP Corporation North America, Inc. BP Employee Savings Plan 86.26
11 Shell Oil Company Shell Provident Fund 86.13
12 Continental Airlines, Inc. Continental Pilots Defined Contribution Plan (B-Plan) 85.52
13 Baker Botts, LLP Baker Botts LLP 401(k) and Savings Plan – Plan A 85.49
14 Baker Botts, LLP Baker Botts LLP 401(k) and Savings Plan – Plan B 85.20
15 El Paso Corporation El Paso Corporation Retirement Savings Plan 84.81
16 BP Corporation North America, Inc. BP Capital Accumulation Plan 84.66
17 CITGO Petroleum Corporation CITGO Petroleum Corporation Employees Retirement and Savings Plan 84.57
18 Chevron Phillips Chemical Company LP Chevron Phillips Chemical Company LP 401(k) Savings and Profit Sharing Plan 84.40
19 Fayez Sarofim & Co. Fayez Sarofim & Co. Profit Sharing Plan 84.29
20 Solvay America, Inc. Solvay America Companies’ Savings Plan 84.27
21 Noble Energy, Inc. Noble Energy, Inc. Thrift and Profit Sharing Plan 83.88
22 BMC Software, Inc. BMC Software, Inc. Savings and Investment Plan 83.84
23 GDF SUEZ Energy North America, Inc. GDF SUEZ Energy North America, Inc. 401(k) Plan 83.75
24 INEOS USA, LLC INEOS Retirement Savings Plan 83.58
25 CGGVeritas Services (U.S.) Inc. CGGVeritas 401(k) Profit Sharing Plan 82.84

BrightScope’s 401k plan Rating 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.

BrightScope has rated nearly 50,000 401k plans, spanning more than 30 million workers and over $2 trillion in assets. Industry adoption of the BrightScope Rating will lead to more cost-effective plans, increased participation rates, higher employee satisfaction and better outcomes for the 60 million employees who depend on their 401k plan for retirement.

*DISCLAIMER: Ratings continually change as data is updated over time. Ratings should be viewed as a “snapshot in time.” To view current ratings information for a given plan click to view the company’s plan page. The rating on the plan page may not match the rating at the time of the release of the rankings.

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