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New data from business intelligence data analytics firm miEdge found that for most companies with up to 1,000 actively enrolled employees, the 401(k) plans with the most in assets under management also have sky-high participation rates.
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%.
The AirTran ticket counter is seen at Washington/ Dulles International Airport in Dulles, Virginia on November 20, 2002. Delta Air Lines Inc. will create a low-fare service next year to help the third-largest U.S airline win back customers from faster-growing carriers such as Southwest Airlines Co. and JetBlue Airways Corp. The new service, as yet unnamed, will replace Delta Express, which was created 1996 to offer lower fares to vacation travelers. Photographer: David Scull/Bloomberg News.
David Scull/Bloomberg News
10) AirTran Airways Inc.
End-year net assets: $452,986,388
Number of employees enrolled: 372
Percent of participation: 112.39%
9) PricewaterhouseCoopers Strategy& (U.S.) Inc.
End-year net assets: $454,145,685
Number of enrolled employees: 2,130
Percent of participation: 239.6%
8) Tellabs Operations Inc.
End-year net assets: $469,651,363
Number of enrolled employees: 2,486
Percent of participation: 365.59%
7) IBEW Local 827
End-year net assets: $540,091,321
Number of enrolled employees: 3,318
Percent of participation: 646.78%
The Nokia logo stands inside the company's headquarters in Espoo, Finland, on Tuesday, Sept. 13, 2016. Chief executive officer Rajeev Suri says his decision-making is guided by experiences as a Nokia regional manager during the companys painful effort to jointly operate a network venture with Siemens AG set up in 2007. Suri says his decision-making is guided by experiences as a Nokia regional manager during the companys painful effort to jointly operate a network venture with Siemens AG set up in 2007. Photographer: Ville Mannikko/Bloomberg
The software maker said it increased the proportion of both groups by 0.3 percentage points in the past year, with Black workers rising to 4.9% of its U.S. workforce and Latino employees increasing to 6.6%.