Amgen tops list of best 401(k) plans in Los Angeles
Is your 401(k) plan any good?
Given the significant role of 401(k)s in retirement planning, it’s important to know how your company’s plan stacks up.
BrightScope Inc., a 401(k) rating firm in San Diego, issued a list of the 25 best plans in the Los Angeles area.
Rankings are based on factors such as fees, company matching contributions, vesting schedules and quality of investment options.
Biotech giant Amgen Inc. claimed the top spot.
BrightScope’s database covers 1,712 plans of companies within 50 miles of Los Angeles. That includes 113 plans with assets topping $100 million.
The list below ranks plans with more than $100 million in assets. It includes the exact name of the 401(k) (some companies have multiple retirement plans) and the plan’s numerical ranking.
1. Amgen, Inc. – Amgen Retirement and Savings Plan – 89
2. Southern California Permanente Medical Group – Southern California Permanente Medical Group Retirement Plan – 88
3. Allen, Matkins, Leck, Gamble, Mallory & Natsis, LLP – Allen Matkins Profit Sharing and 401(k) Plan – 87
4. Irell & Manella LLP – Irell & Manella Profit Sharing Plan – 87
5. MSC.Software Corporation – MSC.Software Corporation Retirement Plan – 86
6. Sheppard, Mullin, Richter, and Hampton, LLP – Sheppard, Mullin, Richter, and Hampton, LLP Retirement and Savings Plan – 85
7. SPARTA, Inc. – SPARTA, Inc. Profit Sharing Plan – 84
8. Latham & Watkins – The Southern California Thrift & Profit Sharing Plan of Latham & Watkins – 84
9. Manatt, Phelps & Phillips LLP – Manatt, Phelps & Phillips LLP Employees Savings Plan – 84
10. Occidental Petroleum Corporation – Occidental Petroleum Corporation Savings Plan – 83
11. Latham & Watkins – The Outer Offices Thrift & Profit Sharing Retirement Plan of Latham & Watkins – 83
12. Southern California Permanente Medical Group – SCPMG Physicians Tax Savings Retirement Plan – 83
13. Broadcom Corporation – Broadcom Corporation Employee Savings Plan – 83
14. Loeb & Loeb LLP – Loeb & Loeb LLP Profit Sharing and 401(k) Plan – 82
15. Northrop Grumman Corporation – Northrop Grumman Savings Plan – 82
16. Jacobs Engineering Group, Inc. – Jacobs Engineering Group, Inc. 401(k) Plus Savings Plan and Trust – 82
17. Kingston Technology Company, Inc. – Kingston Retirement Savings Plan – 82
18. O’Melveny & Myers LLP – O’Melveny & Myers LLP 1982 Retirement Plan – 81
19. Trust Company of the West – Trust Company of the West Profit Sharing and Savings Plan – 81
20. Pacific Life Insurance Company – Pacific Life Insurance Company Retirement Incentive Savings Plan – 81
21. Edison International – Edison 401(k) Savings Plan – 81
22. Western Digital Corporation – Western Digital Corporation 401(k) Plan – 80
23. Toshiba America, Inc. – Toshiba America, Inc. 401(k) Savings Plan – 79
24. City National Corporation – City National Corporation Profit Sharing Plan – 79
25. Conexant Systems, Inc. - Conexant Systems, Inc. Retirement Savings Plan - 79
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