Schwab, UBS Among Best 401(k) Plans of the Year

Charles Schwab and UBS join IBM, Lockheed Martin, Chevron and Southwest Airlines as the 30 companies offering the best 401(k) plans of 2009, according to a ranking by Brightscope.

The retirement plan researcher takes public information from the Department of Labor and the Securities and Exchange Commission to evaluation companies’ 401(k) plans, looking at the quality of their investment offerings, company matches and other signs of generosity, fees and participation and salary deferral rates.

The top rated plan, scoring a 92.9 out of a possible 100, is Saudi Arabian Oil Co., followed by United Airlines (90.6) and Wellington Management (88.7).

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