BrightScope, a service that offers retirement-plan ratings and investment research, calculates its reviews with data from plan sponsors, the Department of Labor and the Securities and Exchange Commission. Its ratings system analyzes more than 200 factors and determines a score. Among criteria are plan costs, company generosity, participation rates, salary deferrals and investment-option quality.
Atop the rankings, which were restricted to plans with more than $1 billion in assets, is Saudi Arabian Oil's program for American employees, which earned a rating of 92.9 out of a possible 100. It was followed by the United Airlines (UAUA) Pilot Directed Account Plan, rated 90.6. Rounding out the top three was Wellington Management at 88.7.
Among plan features and company incentives used in the ranking were company contributions, including matching, profit sharing and stock bonuses. Saudi Arabian Oil, for example, matches 100% for up to 9% of employee contributions. The plans with the highest company contributions were United Airlines ($37,069 per participant), Wellington Management ($18,679) and Nucor Corp. (NUE) ($15,598).Those making the top 30 list have some of the lowest fees in the 401(k) marketplace. BrightScope's calculations include investment expense ratios and administrative costs alongside fund-level trading and transaction costs. Two of the plans on the list, those belonging to IBM and Exxon Mobil (XOM), have fees of less than 0.3%. Fifteen plans on the list are under 0.5%. The average is 0.57%. The average participation rate among plans on the list is 94%, with Exxon Mobil obtaining 100%.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV