BrightScope Announces Its Eighth Annual Top 30 401k Plans List

SAN DIEGO, Calif.  (21 February, 2017) – BrightScope (a Strategic Insight business ), the leading provider of independent financial information and investment research to the USA retirement industry, is proud to announce the eighth BrightScope year-end ranking of the Top 30 401k Plans List, recognizing companies with the best 401k plans containing more than $1 billion in assets.

“This is our eighth year compiling the year-end Top 30 ratings list, and yet again we see companies offer higher quality plans,” said Brooks Herman, Head of Data & Research at BrightScope. “We have witnessed average plan ratings improve each year in the Top 30 List – and this year is no different.  This demonstrates that America’s employees and employers recognize how critical a high quality 401k plan is to maintaining an acceptable standard of living in retirement.”

Key Statistics of BrightScope’s Top 30 List:

  • Target Date Funds represent over 10% of assets in the Top 30 List
  • Index Funds push up: they represent almost 41% of assets in the list, a 6% rise since last year
  • Average participation rate in a Top 30 plan was over 96%
  • Average salary deferral over $14,500 per participant in a Top 30 plan
  • Average company generosity tops $13,000 per participant in the list

Noteworthy findings since BrightScope’s last release of this list:

The complete list of Top 30 401k Plans with more than $1 billion in assets:

2015 Rank

2014 Rank Company Name Plan Name 2016 Rating

 Net Assets (Billions)

1

\N

Delta Airlines Delta Pilots Savings Plan

92.62

$7.53

2

1

NFL Player Second Career Savings Plan

91.70

$1.78

3

2

The Savings Plan of Saudi Arabian Oil Company

91.15

$1.95

4

4

  Southwest Airlines Pilots’ Retirement Savings Plan

90.92

$3.20

5

8

ConocoPhillips Savings Plan

90.09

$6.88

6

3

Amgen Retirement and Savings Plan

89.84

$3.99

7

19

Bayer Bayer Corporation Savings and Retirement Plan

89.74

$4.26

8

\N

Chevron Chevron Employee Savings Investment Plan

89.58

$17.09

9

25

Takeda Pharmaceuticals U.S.A., Inc. Savings and Retirement Plan

89.41

$1.48

10

7

UPS/IPA Defined Contribution Money Purchase Pension Plan

89.23

$1.29

11

11

Anadarko Anadarko Employee Savings Plan

89.13

$1.57

12

18

Google Inc. 401(k) Savings Plan

88.85

$5.79

13

10

BP BP Employee Savings Plan

88.64

$6.94

14

\N

NFL Player Annuity Program

88.56

$1.05

15

14

SCPMG Keogh Plan

88.36

$3.00

16

16

Pfizer Savings Plan

88.27

$10.87

17

30

Allergan, Inc. Savings and Investment Plan

88.26

$1.43

18

21

Phillips 66 Savings Plan

88.23

$4.31

19

13

Bechtel Bechtel Trust & Thrift Plan

88.19

$4.73

20

\N

Marathon Oil Marathon Oil Company Thrift Plan

88.18

$1.05

21

29

Federal National Mortgage Association Retirement Savings Plan for Employees

88.09

$1.78

22

23

 
Latham & Watkins 401(k) Savings and Profit Sharing Plan

87.99

$1.19

23

27

Bristol Myers Squibb Logo Bristol-Myers Squibb Company Savings and Investment Program

87.95

$5.00

24

22

Shell Shell Provident Fund

87.95

$9.95

25

\N

MillerCoors LLC Employees’ Retirement and Savings Plan

87.83

$1.52

26

26

Sanofi U.S. Group Savings Plan

87.76

$4.96

27

15

ExxonMobil ExxonMobil Savings Plan

87.75

$19.76

28

\N

Federal Express Corporation Pilots’ Retirement Savings Plan

87.44

$1.55

29

\N

Delphi Salaried Retirement Savings Program

87.39

$1.70

30

\N

IBM IBM 401(k) Plus Plan

87.38

$46.81

 

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 $4 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.

 

 

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