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.

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