2023 Best in Class 401(k) Plans

For the ninth year, PLANSPONSOR is recognizing 401(k) plans and their sponsors that stand out for their exceptional best practices. The 2023 PLANSPONSOR Best in Class 401(k) plans were selected from the 2,603 401(k)s whose sponsors completed the 2022 PLANSPONSOR Defined Contribution Survey. To be considered for Best in Class, plans needed to meet minimum criteria. Those that did were then rated using a proprietary scoring system that factored in plan design features such as enrollment, employer contributions, investment choices, participant advice/education, and loans, as well as plan governance variables—e.g., monitoring and fees. Plans exceeding the established benchmark are recognized as Best in Class. Also, because plans must requalify every five years to maintain their Best in Class status, those honored in 2018 were likewise reviewed.

For more information, read the full story here.

Scroll down for this year’s list and to view the plan profiles. 

Art by Lars Leetaru