Whose 401(k) plans are the most generous?
Employer-sponsored retirement savings plans are a dime a dozen! To make this list takes a lot more effort and coin.
Research firm BrightScope ranked which employers’ 401(k) plans are “most generous” to employees, based on four factors:
- whether employees are vested in their plans starting the day they begin working there
- how much companies contribute in total dollars compared to the national average
- the total worth of the average employee’s plan, and
- above average employee participation rate.
Plenty of ‘gas-passers’ and ‘ambulance chasers’ on this list!
Based on that formula, here are the top 20 most generous companies:
1. Sullivan & Cromwell
2. North American Partners in Anesthesia
3. Oregon Anesthesiology Group
4. Frontier Refining & Marketing
5. O’Melveny & Myers
6. Zeta Associates
7. Shearman & Associates
8. Anesthesia Service Medical Group
9. Cravatha, Swaine & Moore
10. Bryan Cave
11. Debevoise & Plimpton
12. Kay Scholer
13. Skadden, Arps, Slate, Meagher & Flom
14. Deloitte
15. U.S. member clubs, National Hockey League (NHL)
16. Ernst & Young
17. Weil, Gotshal & Manges
18. Simpson Thacher & Bartlett
19. Jones Day
20. Jennison Associates
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