Slideshow Top 10 large company 401(k) plans

Published
  • November 03 2016, 11:33am EDT
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Overview

When it comes to assets in company retirement plans based on company plan size, some familiar names lead the list. New data from business intelligence data analytics firm miEdge found that the top 401(k) plans by asset size for companies with more than 1,000 actively enrolled employees hail from IBM Corp., Boeing and Wells Fargo.

The miEdge data comes from Form 5500 filings with the U.S. Department of Labor as of July 30. Government entities such as cities, towns and fire and police departments are not required to file and therefore are not reflected in this data. The same applies to church plans, as defined by ERISA.

Additionally, participation percentages for each company include retired or former employees who have left employment with the company, but still have their plans/balances in, accounting for participation rates of more than 100%.

10) Bank of America

End-year net assets: $20,092,246,525

Number of enrolled employees: 231,212

Percent of participation: 153.49%

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9) JPMorgan Chase Bank, national association

End-year net assets: $21,171,219,234

Number of enrolled employees: 274,838

Percent of participation: 156.37%

8) Exxon Mobil Corp.

End-year net assets: $22,297,000,000

Number of enrolled employees: 43,928

Percent of participation: 141.86%

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7) Wal-Mart Stores Inc.

End-year net assets: $22,404,339,000

Number of enrolled employees: 937,522

Percent of participation: 68.45%

6) General Electric Co.

End-year net assets: $27,040,856,787

Number of enrolled employees: 237,279

Percent of participation: 181.71%

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5) Lockheed Martin Co.

End-year net assets: $29,435,483,950

Number of enrolled employees: 120,220

Percent of participation: 147.52%

4) AT&T Inc.

End-year net assets: $30,083,208,000

Number of enrolled employees: 212,798

Percent of participation: 135.3%

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3) Wells Fargo & Co.

End-year net assets: $35,234,958,706

Number of enrolled employees: 328,418

Percent of participation: 124.68%

2) The Boeing Co. and consolidated subsidiaries

End-year net assets: $47,130,387,730

Number of enrolled employees: 211,193

Percent of participation: 146.98%

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1) IBM Corp.

End-year net assets: $48,017,135,709

Number of enrolled employees: 191,921

Percent of participation: 208.95%