Georgians seeking access to the best 401(k) plans are in luck. Two of the 10 companies ranked in financial research firm BrightScope’s companies with the best 401(k) plans are headquartered right here in the state.
Atlanta’s Delta Air Lines and United Parcel Service both made the firm’s list.
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To come up with the ranking, analysts scored each company’s plans based on more than 200 data points found in public documents that large employers have filed with the Labor Department and Securities and Exchange Commission, CNBC.com reported.
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Delta, which has $7.53 billion assets in its plan, led the batch with its Delta Pilots Savings Plan. According to CNBC.com, Delta’s plan charges less than 0.25 percent each year and the average participant has an account balance of $504,000.
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UPS, at No. 10, has $1.29 billion assets in its UPS/IPA Defined Contribution Money Purchase Pension Plan.
Here are the 10 companies with the best 401(k) plans, according to BrightScope:
1. Delta Air Lines
2. National Football League
3. Saudi Aramco
4. Southwest Airlines
5. ConocoPhillips
6. Amgen
7. Bayer
8. Chevron
9. Takeda Pharmaceuticals
10. UPS
Learn more about companies and their 401(k) ratings at BrightScope.com.
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