10 Companies With the Best 401(k) Plans

Better Investing

What's Hot


2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

Regardless of where you work, take these key steps to make sure you get the most from a 401(k) plan.

What do employees of Delta Air Lines, the NFL and the Saudi Arabian Oil Co. have in common?

They have access to the best 401(k) plans around, according to BrightScope.

The financial data site’s eighth annual list of the 30 best 401(k) plans, released this week, gives the highest scores to plans offered by those three employers.

For the list, BrightScope considers 401(k) plans with more than $1 billion in assets.

The companies offering the 10 best plans are:

  1. Delta Air Lines
  2. National Football League (NFL)
  3. Saudi Arabian Oil Co. (Saudi Aramco)
  4. Southwest Airlines
  5. ConocoPhillips
  6. Amgen
  7. Bayer
  8. Chevron
  9. Takeda Pharmaceuticals U.S.A.
  10. United Parcel Service of America (UPS)

Brooks Herman, head of data and research at BrightScope, notes that the latest list continues a trend:

“We have witnessed average plan ratings improve each year in the Top 30 List — and this year is no different. This demonstrates that America’s employees and employers recognize how critical a high quality 401k plan is to maintaining an acceptable standard of living in retirement.”

If you have a 401(k) or similar plan but it didn’t make BrightScope’s list, you can still consider yourself fortunate. Not every worker has access to a 401(k)-style plan.

If you’re unsure whether your employer offers one, you should ask.

If you do have access to a workplace retirement account, the first step is simply to take advantage of it.

As we reported earlier this week in “How Two-Thirds of Americans Are Risking Their Retirement,” most workers with access aren’t saving a dime in a workplace retirement account.

The second step is to look into your plan’s fees and what you can do to lower them.

As we explain in “Of All the Fees You Pay, This One Is the Worst,” fees attached to retirement accounts could rob your nest egg of hundreds of thousands of dollars:

Retirement plans are required to disclose how much they charge in fees. (The rules may be different for an IRA.) Even so, many employees believe (mistakenly) that they don’t pay any expenses or fees for their plan.

As that story explains, fees expressed as a percentage of your account balance can look small — but in reality, a 1 percent difference in fees can rob you of hundreds of thousands of dollars in retirement savings over the course of a lifetime.

For more retirement savings tips, regardless of whether you have a 401(k), check out:

How would you rate your employer’s retirement plan offerings? Sound off below or on Facebook.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 20 Ways to Make Extra Money in Retirement

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,958 more deals!