Top 401(k) Plans in Chicago for 2013

We are pleased to share BrightScope’s 2013 list of companies in the Chicago area with the highest ranked 401k plans containing more than $100 million in assets.

“Chicago’s highest-scoring plans continue to be among the country’s highest ranked, showing strong plans over a range of industries,” said Dan Weeks, Co-Founder of BrightScope. “The employees of these ‘Windy City’ companies can feel confident in their financial futures, knowing their employers continue to offer what’s needed to help prepare for a comfortable retirement.”

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

  • First Appearances: Citadel LLC (# 9), SSAB Enterprises, LLC (# 14), SSI (U.S.), Inc. d/b/a Spencer Stuart (# 16), Baker & McKenzie LLP (# 20), and Griffith Laboratories, Inc. (# 24) enter the rankings this year
  • Greatest Leap: Tellabs, Inc. jumps 7 spots from #12 up to #5 this year
  • Largest Drop: Takeda Pharmaceuticals North America, Inc. slid 11 spots from #6 to #17
  • Average account balance for plans listed is $165,128
  • 94.67% is the average participation rate for plans on the list
  • Average company generosity for plans listed is $10,609; the median is $10,337
  • Average salary deferral for plans listed is $9,416; the median is $9,366

Rank

Company

Plan Name

BrightScope Rating

1 United Air Lines, Inc. United Airlines Pilot Directed Account Plan 89.17
2 CC Industries, Inc. CC Industries and Affiliates Retirement Savings Plan for Salaried Employees 87.67
3 William Blair & Company, LLC William Blair & Company Deferred Profit Sharing Plan 87.32
4 Astellas US, LLC Astellas US Retirement and Savings Plan 87.09
5 Tellabs, Inc. Tellabs 401(k) Plan 86.48
6 Kirkland & Ellis, LLP Kirkland & Ellis LLP 401(k) Savings Plan 86.44
7 The HAVI Group Limited Partnership The HAVI Group Limited Partnership Profit Sharing and Savings Plan 86.41
8 Jenner & Block Jenner & Block Profit Sharing Plan – #201 86.30
9 Citadel, LLC Citadel LLC Retirement Savings Plan 86.17
10 Katten Muchin Rosenman, LLP Katten Muchin Rosenman LLP Defined Contribution Plan 86.01
11 SNR Denton US, LLP SNR Denton US LLP Profit Sharing Plan 85.89
12 Bain & Company, Inc. Bain & Company, Inc. 401(k) Savings Plan 85.80
13 Nalco Company Nalco Company Profit Sharing and Savings Plan 85.67
14 SSAB Enterprises, LLC SSAB Enterprises, LLC Retirement Savings and Profit Sharing Plan 85.61
15 McDermott, Will & Emery, LLP MW&E Savings and Retirement Plan 85.60
16 SSI (U.S.), Inc. d/b/a Spencer Stuart Spencer Stuart Retirement Benefits Plan 85.48
17 Takeda Pharmaceuticals North America, Inc. Takeda Pharmaceuticals North America, Inc. Savings and Retirement Plan 85.23
18 Mead Johnson & Company, LLC Mead Johnson & Company Retirement Savings Plan 85.18
19 Heidrick & Struggles, Inc. Heidrick & Struggles, Inc. 401(k) Profit Sharing and Retirement Plan 84.56
20 Baker & McKenzie, LLP Baker & McKenzie (Illinois) Profit Sharing and 401(k) Plan 84.41
21 A.T. Kearney, Inc. A.T. Kearney, Inc. 401(k) and Profit Sharing Retirement Plan 84.31
22 Vedder Price, P.C. Vedder Price, P.C. Profit Sharing and Retirement Plan 84.28
23 Mayer Brown, LLP Mayer Brown LLP U.S.A. Savings Plan 84.05
24 Griffith Laboratories, Inc. Griffith Supplemental Retirement and Savings Plan 83.90
25 Winston & Strawn, LLP Winston & Strawn LLP Retirement Plan 83.87

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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