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Top 25 Washington, D.C. Area Companies with the Best 401k Plans

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Today we announce the ranking of Washington, D.C. area companies with the highest ranked 401k plans containing more than $100 million in assets.

“Companies in the greater D.C. area are exceeding expectations when it comes to improving employee offerings,” said Brooks Herman, Head of Data & Research at BrightScope. “Like many businesses around the country, the most progressive employers realize that people are increasingly interested in planning for their financial future – and they’re answering that desire with better and better plans.”

Noteworthy findings in the 2015 Top 25 Washington, D.C. Area 401k Plans list include:

  • On top: Advanced Technology Holding, LLC, new to BrightScope’s ranking in 2013 when the list was last issued, climbed from No. 3 to No. 1 this year.
  • Warm Welcome: Public Company Accounting Oversight Board, No. 3, Covington & Burling LLP, No. 10, Clark Construction Group, LLC, No. 16, American Bankers Association, No. 17, Systems Planning and Analysis, Inc., No. 21, Williams & Connolly LLP, No. 23, AARP, No. 25, all join the ranking for the first time this year.
  • Welcome Back: Crowell & Moring LLP, No. 12, The NASDAQ OMX Group, Inc., No. 18, and Arent Fox LLP, No. 20, all made triumphant returns to the list after falling off in previous years.
  • Average account balance for plans listed is $216,045
  • Average participation rate for plans on the list is 96.12 percent
  • Average company generosity for plans listed is $10,643; the median is $11,852
  • Average salary deferral for plans listed is $9,667; the median is $9,914

Top 25 Washington, D.C. area companies with the highest ranked 401k plans containing more than $100 million in assets:

Rank Company Plan Name BrightScope Rating
1. Advanced Technology Holding, LLC ATH Retirement Plan and Trust 91
2. Arnold & Porter LLP Arnold & Porter LLP Profit-Sharing and 401(k) Plan and Trust 89.25
3. Public Company Accounting Oversight Board Public Company Accounting Oversight Board Investment & Savings Plan 88.51
4. Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P. Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P. Profit Sharing Plan 87.85
5. SCITOR CORPORATION SCITOR CORPORATION SALARY SAVINGS AND PROFIT SHARING PLAN 87.81
6. Patton Boggs LLP Patton Boggs LLP Retirement Plan 86.98
7. Hogan Lovells US LLP Hogan Lovells US LLP Retirement Savings Plan 86.77
8. Federal Home Loan Mortgage Corp. Federal Home Loan Mortgage Corp Thrift/401(k) Savings Plan 86.76
9. FINRA FINRA Savings Plus Plan 86.68
10. Covington & Burling LLP Covington & Burling Retirement Savings Plan 86.56
11. Federal National Mortgage Association Federal National Mortgage Association Retirement Savings Plan for Employees 86.53
12. Crowell & Moring LLP Crowell & Moring LLP Retirement Plan 86.25
13. Wiley Rein LLP Wiley Rein LLP Retirement Plan 84.97
14. Sutherland Asbill & Brennan LLP Sutherland Asbill & Brennan LLP Retirement Plan A 84.89
15. Thales USA, Inc. Thales Incentive 401(k) Plan 84.21
16. Clark Construction Group, LLC Clark Group Retirement Plan 84.19
17. American Bankers Association Employees’ Thrift Plan of the American Bankers Association 84.14
18. The NASDAQ OMX Group, Inc. The NASDAQ OMX Group, Inc. 401(k) Savings Plan 84.13
19. Intelsat Corporation The Intelsat Retirement Savings Plan 84.13
20. Arent Fox LLP Arent Fox Profit-Sharing Plan 84.06
21. Systems Planning and Analysis, Inc. Systems Planning and Analysis, Inc. Profit Sharing Plan Trust 83.81
22. The AES Corporation The AES Corporation Retirement Savings Plan 83.75
23. Williams & Connolly LLP Williams & Connolly LLP Profit Sharing Plan and Trust 83.55
24. Dickstein Shapiro, LLP Dickstein Shapiro, LLP Profit Sharing & 401(k) Plan 83.36
25. AARP AARP EMPLOYEES 401K PLAN 83.3

Note: This data is accurate as of April 3, 2015.

BrightScope obtains an increasing amount of its data directly from plan sponsors and record keepers, and augments these primary sources with data from publicly available sources such as the Department of Labor and the Securities and Exchange Commission. By analyzing and interpreting this data, BrightScope provides unprecedented transparency into the 401k industry.

The BrightScope Rating was developed by BrightScope, Inc. with the help of leading academics and independent 401k fiduciaries. By analyzing more than 200 individual data points, the BrightScope Rating algorithm calculates a single numerical value for each 401k plan. The data points examined cover broad categories such as total plan cost, company generosity and investment menu quality.

BrightScope has rated nearly 50,000 401k and 403b plans, spanning more than 57 million workers and over $3 trillion in assets. Industry adoption of the BrightScope Rating will lead to more cost-effective plans, increased participation rates, higher employee satisfaction and better outcomes for the 60 million employees who depend on their 401k plan for retirement.

The post Top 25 Washington, D.C. Area Companies with the Best 401k Plans appeared first on BrightScope Blog.


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