Each year, the editors of PLANSPONSOR magazine choose a number of plan sponsors that demonstrate leadership in providing a more secure retirement for workers.
To be considered, a plan sponsor must first be nominated for the award. Nominations are accepted from across the industry, after which the plan sponsor is asked to complete an online form providing details of the plan’s administration, participant statistics and data such as participation rates. A committee of PLANSPONSOR editors reviews the submissions and selects those that rise to the top.
Considering the breadth and depth of retirement programs available today, we have divided the award into five categories to allow for similar comparisons across plan types and sizes: 401(k) plans with less than $50 million in plan assets; 401(k) plans with between $50 million and $1 billion in plan assets; 401(k) plans with more than $1 billion in plan assets; 403(b) plans; and public defined contribution (DC) plans.