FYI: t’s no surprise that highly paid workers have better 401(k) plans, but that doesn’t mean advisers can’t help employers improve the odds for all workers across the board.
BrightScope Inc. recently analyzed employers’ Form 5500 data and plan audit documents filed with the Department of Labor to determine which industries have the best 401(k) plans. In scanning the information, the firm studied 200 data points, including the plan design and investment menus of the companies, all of whom have more than $100 million in assets.
Law firms wound up at the top of the list, with a BrightScope rating of 82.60 out of 100. Utilities followed in a close second with 78.15. The mining, quarrying and oil and gas extraction industries came in third at 77.36. Technology was fourth at 75.82, and airlines were fifth with 74.96.
Regards,
Ted
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