Major airlines again flew away with the best scores for the top 30 401k plans in America.
The annual list, compiled by BrightScope, saw the NFL Player Second Career Savings Plan sacked for a loss, moving from No. 2 last year to No. 5 this year.
The data was pulled from the Department of Labor, and covers 2016 (the latest year available), which was before the latest football controversies.
Outrunning the NFL were Southwest at No. 4, United at No. 3, American at No. 2 and Delta Airlines repeating at No. 1. An additional point of interest? They were all 401k plans for pilots.
Six traits comprise BrightScope’s methodology, including company contributions, eligibility, vesting schedules, fees, participation rates, and salary deferral incentives.
Researchers found that target-date funds keep climbing, representing over 13 percent of assets in the top 30 List. Additionally, index fund representation in plan menus increased to almost 43 percent of assets, a 2 percent rise since last year.
“The BrightScope rating algorithm analyzes 200-plus unique data points per plan and calculates a numerical score for every 401k plan in the country,” according to the company. “The algorithm runs thousands of simulations for each plan to determine how quickly the average 401k participant will get to retirement via their employer’s plan.”
- Delta Pilots Savings Plan
- American Airlines, Inc. 401(k) Plan for Pilots
- United Airlines Pilot Retirement Account Savings
- Southwest Airlines Pilots’ Retirement Savings Plan
- NFL Player Second Career Savings Plan
- The Savings Plan of Saudi Arabian Oil Company
- Novartis Corporation Investment Savings Plan
- UPS/IPA Defined Contribution Money Purchase Pension Plan
- Chevron Employee Savings Investment Plan
- Amgen Retirement and Savings Plan
- Anadarko Employee Savings Plan
- Google Inc. 401(k) Savings Plan
- Pfizer Savings Plan
- Bayer Corporation Savings and Retirement Plan
- NFL Player Annuity Program
- AstraZeneca Savings and Security Plan
- Microsoft Corporation Savings Plus 401(k) Plan
- Bechtel Trust & Thrift Plan
- ConocoPhillips Savings Plan
- Shell Provident Fund
- Latham & Watkins 401(k) Savings and Profit Sharing Plan
- Bristol-Myers Squibb Company Savings and Investment Program
- ExxonMobil Savings Plan
- Deferred Profit-Sharing Plan for Salaried Employees
- Yahoo 401(k) Plan
- Kirkland & Ellis LLP Defined Contribution 401(k) Savings Plan
- The Boeing Company Voluntary Investment Plan
- Federal National Mortgage Association Retirement Savings Plan for Employees
- Sanofi U.S. Group Savings Plan
- Lenovo Savings Plan