Top 25 Houston Area Companies with the Best 401k Plans

Today we announce the ranking of Houston, Texas companies with the highest rated 401k plans containing more than $100 million in assets.

“The quality of 401k plans offered by Houston’s top rated companies exceed industry standards, all with a BrightScope Rating greater than 86,” said Brooks Herman, Head of Data & Research at BrightScope. “The most progressive companies realize employees are increasingly interested in being better prepared for their financial future – and they have responded to the demand by improving the factors that make up a quality plan, such as plan costs, employee deferrals and company generosity.”

Noteworthy findings in the 2015 Houston 401k Plans list include:

  • Top Spots: Saudi Arabian Oil Company remains No. 1 and BHP Holdings International, Inc. jumps one spot to No. 2
  • Warm Welcome: Freeport-McMorman Oil & Gas LLC (No. 3), Americas Styrenics LLC (No. 5), BP Corporation North America Inc. (No. 7), INEOS USA, LLC (No. 13), McDermott Investments, LLC (No. 22)
  • Welcome Back: ConocoPhillips Company (No. 4), Exxon Mobil Corporation (No. 6), Phillips 66 Company (No. 8), Marathon Oil Company (No. 9), Greater Houston Anesthesiology, P.A. (No. 10), Shell Oil Company (No. 11), Anadarko Petroleum Corporation (No. 12), Baker Botts L.L.P. Plan A (No. 14), IPR-GDF SUEZ Energy North America, Inc. (No. 15), Noble Energy, Inc. (No. 16), CITGO Petroleum Corporation (No. 17), Chevron Phillips Chemical Company LP (No. 18), EOG Resources, Inc. (No. 19), Cabot Oil & Gas Corporation (No. 20), BMC Software, Inc. (No. 21), BMC Software, Inc. (No. 23), Baker Botts L.L.P. Plan B (No. 24) and Solvay America, Inc. (No. 25)
  • Average account balance for plans listed is $281,304 • Average participation rate for plans on the list is 92.36 percent
  • Average company generosity for plans listed is $10,374; the median is $9,862 • Average salary deferral for plans on the list is $11,260; the median is $10,490
  • Top funds by total distribution held in Houston’s Top 25 401k plans are:
    1. Vanguard Institutional Index – 5 plans – $785M
    2. Fidelity Contrafund – 6 plans – $558M
    3. Fidelity Low-Priced Stock – 8 plans – $540M
    4. Fidelity Spartan 500 Index – 10 plans – $517M
    5. PIMCO Total Return – 10 plans – $506M

Top 25 Houston companies

Highest ranked 401k plans containing more than $100 million in assets

Rank Company Name Plan Name BrightScope Rating
1. Saudi Arabian Oil Company The Savings Plan of Saudi Arabian Oil Company 90.6
2. BHP Holdings International, Inc. BHP USA Retirement Savings Plan 89.76
3. FREEPORT-MCMORAN OIL & GAS LLC Freeport-Mcmoran Oil & Gas Llc 401(K) Plan 88.53
4. ConocoPhillips Company ConocoPhillips Savings Plan 88.45
5. Americas Styrenics LLC Americas Styrenics LLC 401(k) Savings and Profit Sharing Plan 88.28
6. Exxon Mobil Corporation ExxonMobil Savings Plan 88.21
7. BP Corporation North America Inc. BP Employee Savings Plan 88
8. Phillips 66 Company Phillips 66 Savings Plan 87.57
9. Marathon Oil Company Marathon Oil Company Thrift Plan 87.2
10. Greater Houston Anesthesiology, P.A. Greater Houston Anesthesiology, P.A. 401(k) Profit Sharing Plan 86.67
11. Shell Oil Company Shell Provident Fund 86.56
12. Anadarko Petroleum Corporation Anadarko Employee Savings Plan 86.5
13. INEOS USA, LLC INEOS Retirement Savings Plan 86
14. Baker Botts L.L.P. Baker Botts LLP 401(k) and Savings Plan – Plan B 85.75
15. IPR-GDF SUEZ Energy North America, Inc. IPR-GDF SUEZ Energy North America, Inc. 401(k) Plan 85.74
16. Noble Energy, Inc. Noble Energy, Inc. 401(k) Plan 85.66
17. CITGO Petroleum Corporation CITGO Petroleum Corporation Employees Retirement and Savings Plan 85.51
18. Chevron Phillips Chemical Company LP Chevron Phillips Chemical Company LP 401(k) Savings and Profit Sharing Plan 85.19
19. EOG Resources, Inc. EOG Resources, Inc. Savings And Retirement Plan 84.98
20. Cabot Oil & Gas Corporation Cabot Oil & Gas Corporation Savings Investment Plan 84.83
21. BMC Software, Inc. BMC Software, Inc. Savings and Investment Plan 84.79
22. McDermott Investments, LLC McDermott Thrift Plan 84.79
23. Fayez Sarofim & Co. Fayez Sarofim & Co. Profit Sharing Plan 84.54
24. Baker Botts L.L.P. Baker Botts L.L.P. 401(k) and Savings Plan – Plan A 84.51
25. Solvay America, Inc. Solvay America Companies’ Savings Plan 84.42

 

NR: This data is accurate as of August 1, 2015

Investors can find more information about the funds that make up their 401k plan at BrightScope Fund Pages: http://www.brightscope.com/fund-pages/

BrightScope obtains an increasing amount of its data directly from plan sponsors and record keepers, and augments these primary sources with data from publicly available sources such as the Department of Labor and the Securities and Exchange Commission. By analyzing and interpreting this data, BrightScope provides unprecedented transparency into the 401k industry.

The BrightScope Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. By analyzing more than 200 individual data points, the BrightScope Rating algorithm calculates a single numerical value for each 401k plan. 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.

Leave a Reply