Q:

What are some top-rated 401k plans?

A:

Quick Answer

Conoco Phillips, Abbott Laboratories, Amgen and Philip Morris International, Inc. offer some top-ranked 401K plans, notes Bloomberg Business. Bloomberg ranks 250 publicly-traded firms' 401K plans, based on criteria such as time to vest, company matching and investment options. Bloomberg offers this comprehensive ranking list with criteria as a .pdf download.

Continue Reading

Full Answer

A 401K plan allows each company employee to choose the monthly amount to contribute to the retirement fund and review investment options for the fund, explains CNN. Some employers provide matching contributions. Some of the worst-ranked 401K plans include Facebook, Amazon, Home Depot Inc., MetLife and Whole Foods, states Forbes.

Learn more about Financial Planning

Related Questions

Explore