Top companies offering the best 401(k) plans
July 24, 2014 1:01 PM
stock.adobe.com
Overview:
What makes a good 401(k) plan? Bloomberg has ranked the 401(k) plans of the 250 biggest companies in the S&P 500. Each company was given a score based on its filings with the Department of Labor for 2012, the most recent year for which data was complete. The score was based on a companys potential match; additional company profit-sharing or retirement contribution; years to vest; investment offering of stocks, bonds, international index funds; and automatic enrollment. Deductions from the score were made for companies that paid their company match at or after year-end or required employees to work at least one year before receiving the company match.
Conoco Phillips
Score: 85%
Potential match: 9%
Additional contribution: 6-9%
Years to vest: 0
Automatic enrollment: N
Potential match: 9%
Additional contribution: 6-9%
Years to vest: 0
Automatic enrollment: N
Philip Morris International
Score: 82%
Potential match: 5%
Additional contribution: 15%
Years to vest: 0
Automatic enrollment: Y
Potential match: 5%
Additional contribution: 15%
Years to vest: 0
Automatic enrollment: Y
Amgen
Score: 80%
Potential match: 5%
Additional contribution: 5%
Years to vest: 0
Automatic enrollment: Y
Potential match: 5%
Additional contribution: 5%
Years to vest: 0
Automatic enrollment: Y
Boston Scientific
Score: 79%
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: Y
Caterpillar
Score: 79%
Potential match: 6%
Additional contribution: 3-5%
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 3-5%
Years to vest: 0
Automatic enrollment: Y
DuPont
Score: 79%
Potential match: 6%
Additional contribution: 3%
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 3%
Years to vest: 0
Automatic enrollment: Y
Mead Johnson Nutrition
Score: 79%
Potential match: 6%
Additional contribution: 2-4%
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 2-4%
Years to vest: 0
Automatic enrollment: Y
Visa
Score: 79%
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: Y
Abbott Laboratories
Score: 77%
Potential match: 5%
Additional contribution: 5-7%
Years to vest: 2
Automatic enrollment: N
Potential match: 5%
Additional contribution: 5-7%
Years to vest: 2
Automatic enrollment: N
Baker Hughes
Score: 77%
Potential match: 5%
Additional contribution: 2-5%
Years to vest: 0
Automatic enrollment: Y
Potential match: 5%
Additional contribution: 2-5%
Years to vest: 0
Automatic enrollment: Y
Freeport-McMoRan Copper & Gold
Score: 77%
Potential match: 5%
Additional contribution: 4-10%
Years to vest: 0
Automatic enrollment: Y
Potential match: 5%
Additional contribution: 4-10%
Years to vest: 0
Automatic enrollment: Y
Ingersoll-Rand
Score: 77%
Potential match: 6%
Additional contribution: 2%
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 2%
Years to vest: 0
Automatic enrollment: Y
McDonalds
Score: 77%
Potential match: 7%
Additional contribution: 2%
Years to vest: 0
Automatic enrollment: Y
Deduction for minimum 1-year service to get match
Potential match: 7%
Additional contribution: 2%
Years to vest: 0
Automatic enrollment: Y
Deduction for minimum 1-year service to get match
TE Connectivity
Score: 77%
Potential match: 5%
Additional contribution: 0
Years to vest: 3
Automatic enrollment: Y
Potential match: 5%
Additional contribution: 0
Years to vest: 3
Automatic enrollment: Y
Altria Group
Score: 75%
Potential match: 3%
Additional contribution: 8-12%
Years to vest: 0
Automatic enrollment: Y
Potential match: 3%
Additional contribution: 8-12%
Years to vest: 0
Automatic enrollment: Y
Bank of New York Mellon
Score: 75%
Potential match: 5%
Additional contribution: 2%
Years to vest: 0
Automatic enrollment: Y
Potential match: 5%
Additional contribution: 2%
Years to vest: 0
Automatic enrollment: Y
Mosaic
Score: 75%
Potential match: 4.5%
Additional contribution: 7%
Years to vest: 0
Automatic enrollment: Y
Potential match: 4.5%
Additional contribution: 7%
Years to vest: 0
Automatic enrollment: Y
Mylan
Score: 75%
Potential match: 4%
Additional contribution: 7%
Years to vest: 0
Automatic enrollment: Y
Potential match: 4%
Additional contribution: 7%
Years to vest: 0
Automatic enrollment: Y
Pioneer Natural Resources
Score: 75%
Potential match: 10%
Additional contribution: 0%
Years to vest: 4
Automatic enrollment: Y
Potential match: 10%
Additional contribution: 0%
Years to vest: 4
Automatic enrollment: Y
Actavis
Score: 74%
Potential match: 8%
Additional contribution: 0
Years to vest: 2
Automatic enrollment: Y
Potential match: 8%
Additional contribution: 0
Years to vest: 2
Automatic enrollment: Y
Citigroup
Score: 74%
Potential match: 6%
Additional contribution: 2%
Years to vest: 0
Automatic enrollment: Y
Deduction for match paid at or after year-end
Potential match: 6%
Additional contribution: 2%
Years to vest: 0
Automatic enrollment: Y
Deduction for match paid at or after year-end
PPL
Score: 74%
Potential match: 6%
Additional contribution: 3%
Years to vest: 2
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 3%
Years to vest: 2
Automatic enrollment: Y
Reynolds American
Score: 74%
Potential match: 6%
Additional contribution: 3-9%
Years to vest: 2
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 3-9%
Years to vest: 2
Automatic enrollment: Y
Aetna
Score: 72%
Potential match: 6%
Additional contribution: 0%
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 0%
Years to vest: 0
Automatic enrollment: Y
Air Products & Chemicals
Score: 72%
Potential match: 4%
Additional contribution: 4%
Years to vest: 0
Automatic enrollment: Y
Potential match: 4%
Additional contribution: 4%
Years to vest: 0
Automatic enrollment: Y
American International Group
Score: 72%
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: Y
Anadarko Petroleum
Score: 72%
Potential match: 6%
Additional contribution: 4%
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 4%
Years to vest: 0
Automatic enrollment: Y
Biogen
Score: 72%
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: N
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: N
Boeing
Score: 72%
Potential match: 4%
Additional contribution: 4%
Years to vest: 0
Automatic enrollment: Y
Potential match: 4%
Additional contribution: 4%
Years to vest: 0
Automatic enrollment: Y
Chevron
Score: 72%
Potential match: 8%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: N
Potential match: 8%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: N
Score: 72%
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: Y
Halliburton
Score: 72%
Potential match: 5%
Additional contribution: 4%
Years to vest: 2
Automatic enrollment: Y
Potential match: 5%
Additional contribution: 4%
Years to vest: 2
Automatic enrollment: Y
Monsanto
Score: 72%
Potential match: 6.4%
Additional contribution: 3-7%
Years to vest: 5
Automatic enrollment: Y
Potential match: 6.4%
Additional contribution: 3-7%
Years to vest: 5
Automatic enrollment: Y
PPG Industries
Score: 72%
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: Y
Potential match: 6%
Additional contribution: 0
Years to vest: 0
Automatic enrollment: Y
Time Warner
Score: 72%
Potential match: 7%
Additional contribution: 0
Years to vest: 2
Automatic enrollment: Y
Potential match: 7%
Additional contribution: 0
Years to vest: 2
Automatic enrollment: Y
