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30 Best Big 401(k) Plans: BrightScope

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BrightScope on Wednesday released its list of the 30 top 401(k) plans with at least $1 billion in assets.

Among the wider findings of BrightScope’s report is that participation is up to almost 97% in the top 30 mega plans, up 1% over the 2013 list. Average salary deferrals are up to, increasing from $12,500 to over $13,600.

Consequently, average account balances increased nearly $50,000 over last year.

“We’ve seen average account balances, deferrals and participation rates steadily increase year over year and that continues with this sixth annual ranking of top 401(k) plans,” Mike Alfred, CEO and co-founder of BrightScope, said in a statement. “It’s encouraging to see the average plan rating also continue to improve, demonstrating employers recognize the importance a high-quality 401(k) plan plays in helping employees retire with dignity.”

In addition to employees’ efforts, employers are also working to improve outcomes, with the average total cost burden falling two basis points to 0.26%.

BrightScope rated 401(k) plans using an algorithm that takes into account over 200 data points like total plan cost, company generosity and investment menu quality. The company noted an increasing amount of data comes directly from plan sponsors and record keepers. Other data is drawn from publicly available sources like the Department of Labor and the Securities and Exchange Commission.

(Related: Top 15 States With Best 401(k) Participation Rates)

Check the following pages to see the 30 Best Big 401(k) plans with $1 billion or more in assets.

Anadarka Petroleum Corp.'s headquarters in Woodlands, TX. (Photo: AP)

(Anadarka Petroleum Corp.’s headquarters in Woodlands, Texas. Photo: AP)

30. Novartis Corporation Investment Savings Plan

2013 Rank: 7

Headquarters: New York           

BrightScope Rating: 86.39

29. Federal Express Corporation Pilots Retirement Savings Plan

2013 Rank: N/A

Headquarters: Memphis, Tennessee

BrightScope Rating: 86.49

28. Anadarko Employee Savings Plan

2013 Rank: 10

Headquarters: The Woodlands, Texas

BrightScope Rating: 86.50

27. Federal National Mortgage Association Retirement Savings Plan for Employees

2013 Rank: N/A

Headquarters: Washington, D.C. 

BrightScope Rating: 86.53

26. Shell Provident Fund

2013 Rank: 23

Headquarters: Houston

BrightScope Rating: 86.56

Virginia Rometty, chairwoman and CEO of IBM. (Photo: AP)

(Virginia Rometty, chairwoman and CEO of IBM. Photo: AP)

25. Alcatel-Lucent Savings Plan

2013 Rank: N/A

Headquarters: Murray Hill, New Jersey

BrightScope Rating: 86.60

24. IBM 401(k) Plus Plan

2013 Rank: 16

Headquarters: Armonk, New York          

BrightScope Rating: 86.62

23. S.C. Johnson & Son, Inc. Employees Deferred Profit Sharing and Savings Plan

2013 Rank: N/A

Headquarters: Racine, Wisconsin

BrightScope Rating: 86.69

22. Astrazeneca Savings and Security Plan

2013 Rank: 18   

Headquarters: Wilmington, Delaware      

BrightScope Rating: 86.72

21. Federal Home Loan Mortgage Corp Thrift/401(k) Savings Plan

2013 Rank: 22

Headquarters: Mclean, Virginia

BrightScope Rating: 86.76

Verizon Store Workers. (Photo: AP)

(Verizon store workers. Photo: AP)

20. GlaxoSmithKline Retirement Savings Plan

2013 Rank: 27   

Headquarters: Philadelphia        

BrightScope Rating: 86.80

19. Verizon Savings Plan for Management Employees

2013 Rank: N/A

Headquarters: Basking Ridge, New Jersey          

BrightScope Rating: 87.07

18. Marathon Oil Company Thrift Plan

2013 Rank: 24   

Headquarters: Houston 

BrightScope Rating: 87.19

17. Latham & Watkins 401(k) Savings and Profit Sharing Plan

2013 Rank: N/A

Headquarters: Los Angeles        

BrightScope Rating: 87.24

16. Bechtel Trust & Thrift Plan

2013 Rank: 21

Headquarters: San Francisco      

BrightScope Rating: 87.34

Merrill Lynch sign. (Photo: AP)

(Merrill Lynch sign. Photo: AP)

15. Phillips 66 Savings Plan

2013 Rank: N/A

Headquarters: Houston 

BrightScope Rating: 87.57

14. Merrill Lynch & Co., Inc. 401(K) Savings & Investment Plan

2013 Rank: N/A

Headquarters: Charlotte, North Carolina 

BrightScope Rating: 87.71

13. Southern California Permanente Medical Group Retirement Plan

2013 Rank: 9

Headquarters: Pasadena, California

BrightScope Rating: 87.77

12. Google Inc. 401(K) Savings Plan

2013 Rank: 12

Headquarters: Mountain View, California

BrightScope Rating: 87.87

11. BP Employee Savings Plan

2013 Rank: 17

Headquarters: Houston 

BrightScope Rating: 88.0

Exxon Gas Sign. (Photo: AP)

Exxon Gas Sign. (Photo: AP)

10. ExxonMobil Savings Plan

2013 Rank: 13

Headquarters: Houston 

BrightScope Rating: 88.21

9. Bayer Corporation Savings and Retirement Plan

2013 Rank: 11

Headquarters: Pittsburgh           

BrightScope Rating: 88.29

8. ConocoPhillips Savings Plan

2013 Rank: N/A

Headquarters: Houston 

BrightScope Rating: 88.45

7. UPS/IPA Defined Contribution Money Purchase Pension Plan

2013 Rank: N/A

Headquarters: Louisville, Kentucky          

BrightScope Rating: 88.92

6. Amgen Retirement and Savings Plan

2013 Rank: 6

Headquarters: Thousand Oaks, California           

BrightScope Rating: 88.96

Gary Kelly, CEO of Southwest Airlines. (Photo: AP)

Gary Kelly, CEO of Southwest Airlines. (Photo: AP)

5. Employee Savings & Stock Ownership Plan Of General Re Corp.

2013 Rank: N/A

Headquarters: Stamford, Connecticut     

BrightScope Rating: 89.65

4. Wellington Retirement and Pension Plan

2013 Rank: 4

Headquarters: Boston   

BrightScope Rating: 90.56

3. The Savings Plan of Saudi Arabian Oil Company

2013 Rank: 2

Headquarters: Houston 

BrightScope Rating: 90.60

2. Southwest Airlines Pilots Retirement Savings Plan

2013 Rank: 3

Headquarters: Dallas     

BrightScope Rating: 90.85

1. NFL Player Second Career Savings Plan

2013 Rank: 1

Headquarters: Baltimore            

BrightScope Rating: 91.25

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