Top 401(k) Plans in Cincinnati – 2013

Our 2013 list of the Top 25 401(k) plans (containing more than $100 million in assets) in the Cincinnati area is now available! Taft, Stettinius & Hollister, ABX Air,  and Teradata Corporation claim the top spots.

“As one of the most powerful and popular retirement savings vehicles, the efficiency of 401k plans is increasingly important because most Americans rely heavily on them for future financial security,” said Dan Weeks, Co-Founder of BrightScope. “From pharmaceuticals to steel companies, these Cincinnati-based companies are helping to ensure a successful and dignified retirement for their employees.”

Noteworthy observations in this list include:

  • Toyota places on its second BrightScope list year: Toyota’s Motor Engineering & Manufacturing Salaried 401(k) Plan and Trust ranked #12 on BrightScope’s Top 25 Automotive Companies with the Best 401k Plans and squeezes in at #25 on this list
  • Average account balance for plans listed is $118,143
  • 92.95% is the average participation rate for plans on the list
  • Average company generosity for plans listed is $5,061; the median is $4,118
  • Average salary deferral for plans listed is $6,275; the median is $6,374

Top 25 Cincinnati Area companies with the highest ranked 401k plans containing more than $100 million in assets:

Rank

Company

Plan Name

BrightScope Rating

1 Taft, Stettinius & Hollister LLP Taft, Stettinius & Hollister LLP Thrift Savings and Retirement Plan 87.43
2 ABX Air, Inc. ABX Air, Inc. Pilots Investment Plan 85.88
3 Teradata Corporation Teradata Savings Plan 82.07
4 Dinsmore & Shohl, LLP The Dinsmore & Shohl, LLP Savings and Investment Plan 82.03
5 Keating Muething & Klekamp PLL Keating Muething & Klekamp 401(k) Profit Sharing Plan 81.89
6 Scripps Networks Interactive, Inc. The Scripps Networks Interactive 401(k) Savings Plan 79.68
7 The Procter & Gamble Company The Procter & Gamble Profit Sharing Trust and Employee Stock Ownership Plan 78.68
8 American Financial Group, Inc. American Financial Group 401(k) Retirement and Savings Plan 78.63
9 NewPage Corporation NewPage Retirement Savings Plan 78.33
10 AK Steel Corporation AK Steel Corporation Thrift Plan – Plan Document A 77.87
11 GK Technologies, Incorporated General Cable Retirement and Savings Plan for Salaried Associates 77.38
12 Centrica US Holdings, Inc. Direct Energy US 401(k) Plan 77.33
13 Robbins and Myers, Inc. Robbins and Myers, Inc. Retirement Savings Plan 76.96
14 Omya Industries, Inc. Omya Industries, Inc. 401(k) Savings Plan 76.86
15 Cincinnati Bell Inc. Cincinnati Bell Retirement Savings Plan 76.85
16 The David J. Joseph Company Joseph Group Salaried Retirement Plan 76.26
17 Dayton Power and Light Company The Dayton Power and Light Company Employee Savings Plan 75.12
18 Kao America, Inc. Kao America, Inc. 401(k) Savings Plan 74.76
19 North American Stainless North American Stainless Savings Plan 74.20
20 Mazak Corporation Mazak Employee Shared Savings Plan 73.49
21 AK Steel Corporation AK Steel Corporation Thrift Plan – Plan Document C 73.32
22 Patheon Pharmaceuticals Inc. Patheon Pharmaceuticals Retirement Savings Plan 72.44
23 Premier Health Care Services, Inc. Premier Health Care Services, Inc. Pension Plan 72.35
24 Hill-Rom Holdings, Inc. Hill-Rom, Inc. Savings Plan 72.34
25 Toyota Motor Engineering & Manufacturing North America, Inc. Toyota Motor Engineering & Manufacturing Salaried 401(k) Plan and Trust 72.20

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 and 403b plans, spanning more than 57 million workers and over $3 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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