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Resource ID: #26610
Subject: Retirement
Source: Bloomberg Business News (Princeton, N.J.)
Date: 2024-04-14



Bloomberg News reporters spent months digging through thousands of pages of obscure government documents to produce a first-of-its-kind ranking, digital tool and series of stories that brought unprecedented transparency to 401(k) plans, which millions of American workers rely on for retirement. The stories, and the accompanying first-of-its kind ranking and digital tool, showed the disparities among 401(k) plans at the biggest companies in the U.S. and let workers compare them. They revealed that companies such as ConocoPhillips and Abbott Laboratories are among those with the most lucrative benefits, matching at least double what their workers put in and giving an additional payment no matter what their employees contribute.

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