Top 10 401(k) plans among the biggest S&P 500 companies

Top 10 401(k) plans among the biggest S&P 500 companies
Employers often match part of workers' before-tax contributions to 401(k)s, but some plans are more generous than others.
JUN 22, 2015
By  Bloomberg

Have you ever wanted to compare how the largest public companies in the U.S. stack up when it comes to the generosity of their defined contribution retirement plans? If so, then you're in luck.

Here are five criteria that Bloomberg used ranked the 401(k) plans of the top 50 companies in the S&P 500 Index based on the generosity of their plans for a new hire.

Match: The amount that a company contributes to your 401(k), based on the percentage of your salary that you contribute.

Additional contributions: More money that your company might kick in beyond the match — for example, profit-sharing at year-end.

Investments: Whether or not a company offers the choice to invest in a low-fee stock, bond or international index fund.

Vesting: How many years following your hire date that you have to wait before the company's contributions are fully yours to keep.

Enrollment: Whether a company automatically enrolls new employees in the plan.

Here are the best 401(k) plans among the biggest companies whose stock is listed on the S&P 500. The scores represent the total points the companies received on a scale of 100.

#10 (tie) Visa

3M
Finance
Total score: 73
Match: 41
Additional contributions: 0
Investments: 7
Vesting: 15
Enrollment: 10
#10 (tie) 3M

3M
Materials
Total score: 73
Match: 41
Additional contributions: 5
Investments: 10
Vesting: 7
Enrollment: 10
#9 Altria Group

Altria Group
Consumer Staples
Total score: 75
Match: 25
Additional contributions: 15
Investments: 10
Vesting: 15
Enrollment: 10
#8 Google

Google
Communications
Total score: 76
Match: 41
Additional contributions: 0
Investments: 10
Vesting: 15
Enrollment: 10
#6 (tie) Philip Morris International

Philip Morris International
Consumer Staples
Total score: 77
Match: 35
Additional contributions: 10
Investments: 7
Vesting: 15
Enrollment: 10
#6 (tie) MasterCard

MasterCard
Finance
Total score: 77
Match: 50
Additional contributions: 5
Investments: 7
Vesting: 5
Enrollment: 10
#4 (tie) McDonald's

McDonald's
Consumer Discretionary
Total score: 78
Match: 47
Additional contributions: 5
Investments: 7
Vesting: 15
Enrollment: 10
#4 (tie) Citigroup

Citigroup
Finance
Total score: 78
Match: 41
Additional contributions: 5
Investments: 10
Vesting: 15
Enrollment: 10
#3 Amgen

Amgen
Health Care
Total score: 80
Match: 35
Additional contributions: 10
Investments: 10
Vesting: 15
Enrollment: 10
#2 Boeing

Boeing
Industrials
Total score: 83
Match: 41
Additional contributions: 7
Investments: 10
Vesting: 15
Enrollment: 10
#1 ConocoPhillips

ConocoPhillips
Energy
Total score: 85
Match: 50
Additional contributions: 10
Investments: 10
Vesting: 15
Enrollment: 0

Click here to see the rest of the list and gauge where your own company's 401(k) plan ranks.

Latest News

RIA giant Mercer matches 2024 deal count, lays groundwork for Idaho expansion
RIA giant Mercer matches 2024 deal count, lays groundwork for Idaho expansion

Oregon-based Eagle Wealth Management and Idaho-based West Oak Capital give Mercer 11 acquisitions in 2025, matching last year's total. “We think there's a great opportunity in the Pacific Northwest,” Mercer's Martine Lellis told InvestmentNews.

Osaic ponies up $9.8M to settle clients’ lawsuit involving real estate, alternatives
Osaic ponies up $9.8M to settle clients’ lawsuit involving real estate, alternatives

Osaic has now paid $17.2 million to settle claims involving former clients of Jim Walesa.

RIA moves: CW Advisors scores a double in Pennsylvania, Apella Wealth makes Chicago debut
RIA moves: CW Advisors scores a double in Pennsylvania, Apella Wealth makes Chicago debut

Osaic-owned CW Advisors has added more than $500 million to reach $14.5 billion in AUM, while Apella's latest deal brings more than $1 billion in new client assets.

$2.5B Validus Capital partners with Merchant to chase multi-family office ambitions
$2.5B Validus Capital partners with Merchant to chase multi-family office ambitions

The up-and-coming Los Angeles-based RIA is looking to tap Merchant's resources to strengthen its alts distribution, advisor recruitment, and family office services.

Corient announces double alliance to form world-leading $430B UHNW wealth platform
Corient announces double alliance to form world-leading $430B UHNW wealth platform

US wealth advisory business will get international footprint boost with new tie-ups.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.