For the eighth year, data and analytics provider Brightscope has released its year-end ranking of the “Top 30 401(k) Plans List,” which recognizes companies with the best 401(k) plans containing more than $1 billion in assets.
Average plan ratings have been on the rise, Brightscope says, demonstrating “that America's employees and employers recognize how critical a high-quality 401(k) plan is to maintaining an acceptable standard of living in retirement.”
The list found, among other things, that target-date funds represent more than 10% of assets in the top 30 plans. In addition, index funds have increased 6% from last year and now make up nearly 41% of plan assets for the top 30.
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