Best & Worst 401k Plans Ranked by New Online Database
Business Week has issued a report of the best and worst 401k plans based on a new online database at BrightScope.com that has more than 1,000 plans. The plans are rated based on participation rate, fees, default and employer match.
Bright Scope uses more that 200 data points to determine an overall 100-point rating for each plan.
Below are the top 10 401K plans with at least $100 million in assets:
1. Saudi Arabian Oil
2. Bank of New York Mellon
3. Greenwich Capital Markets
4. Southwest Airlines
5. Piper Jaffray
6. Nucor
7. Fedex
8. Amgen
9. Mcdermott Will and Emery
10. Chevron
Below are the 10 worst 401K plans with at least $100 million in assets:
1. Darden Restaurants
2. Big Lots
3. Radioshack
4. Zale
5. Compass Group Usa
6. Bob Evans Farms
7. Mps Group
8. O’reilly Automotive
9. Best Buy
10. Pep Boys
Visit BusinessWeek.com to see the best 50 401k plans and the worst 50 401k plans. Visit BrightScope.com to search ranking and rate your employer.
Related Article: What is a 401K?
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