Bloomberg ranked the 250 biggest companies in the U.S. to find which ones provide the best 401(k) plans, with matching contributions carrying the most weight. Companies also received a boost if they provided additional contributions, offered low-cost index funds, allowed employees to vest immediately and made matching payments each payroll period rather than delaying until the end of the year.
The following 14 companies provide the best plans, according to the ranking.
(Six firms tied for fifth place, while five firms tied for fourth place.)
Rank No. 5
TE Connectivity
Score: 77 percent
Potential match: 5 percent
Additional contribution: 0 percent
Rank No. 5
McDonald’s
Score: 77 percent
Potential match: 7 percent
Additional contribution: 2 percent
Rank No. 5
Ingersoll-Rand
Score: 77 percent
Potential match: 6 percent
Additional contribution: 2 percent
Rank No. 5
Freeport-McMoRan Copper & Gold
Score: 77 percent
Potential match: 5 percent
Additional contribution: 4-10 percent
Rank No. 5
Baker Hughes
Score: 77 percent
Potential match: 5 percent
Additional contribution: 2-5 percent
Rank No. 5
Abbott Laboratories
Score: 77 percent
Potential match: 5 percent
Additional contribution: 5-7 percent
Rank No. 4
Visa
Score: 79 percent
Potential match: 6 percent
Additional contribution: 0 percent
Rank No. 4
Mead Johnson Nutrition
Score: 79 percent
Potential match: 6 percent
Additional contribution: 2-4 percent
Rank No. 4
DuPont
Score: 79 percent
Potential match: 6 percent
Additional contribution: 3 percent
Rank No. 4
Caterpillar
Score: 79 percent
Potential match: 6 percent
Additional contribution: 3-5 percent
Rank No. 4
Boston Scientific
Score: 79 percent
Potential match: 6 percent
Additional contribution: 0 percent
Rank No. 3
Amgen
Score: 80 percent
Potential match: 5 percent
Additional contribution: 5 percent
Rank No. 2
Philip Morris International
Score: 82 percent
Potential match: 5 percent
Additional contribution: 15 percent
Rank No. 1
ConocoPhillips
Score: 85 percent
Potential match: 9 percent
Additional contribution: 6-9 percent