list of companies with defined benefit pension plans
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Top 100 Largest Corporate Pension Rankings by Total Assets
View the largest 100 Corporate Pension profiles from across the globe ranked by Total Assets.
Top 100 Largest Corporate Pension Rankings by Total Assets
Rankings by Total Assets
Rank Profile Total Assets Type Region
1. Accenture U.S. Pension Plan $291,652,000,000 Corporate Pension North America
2. SECOM Pension Fund $133,461,000,000 Corporate Pension Asia
3. IBM Retirement Funds $91,831,000,000 Corporate Pension North America
4. BT Pension Scheme $84,996,567,600 Corporate Pension Europe
5. Ford Motor Company Defined Benefit Master Trust $78,994,000,000 Corporate Pension North America
6. Royal Bank of Scotland Group Pension Fund $78,197,368,400 Corporate Pension Europe
7. NatWest Group Pension Fund $73,936,400,000 Corporate Pension Europe
8. Boeing Company Employee Retirement Plans $67,813,000,000 Corporate Pension North America
9. Raytheon Master Pension Trust $63,323,000,000 Corporate Pension North America
10. UAW Retiree Medical Benefits Trust $62,900,000,000 Corporate Pension North America
11. General Motors Investment Management Corporation Corporate Pension North America
12. General Electric Pension Plan Corporate Pension North America
13. UPS Plan Investments Group Corporate Pension North America
14. SBC Master Pension Trust Corporate Pension North America
15. Saudi Aramco Investment Management Company Corporate Pension Middle East
16. British Airways Pensions Investment Management Ltd Corporate Pension Europe
17. Johnson & Johnson Savings Plan Trust Corporate Pension North America
18. ExxonMobil Pension Plan Corporate Pension North America
19. Northrop Grumman Pension Plan Corporate Pension North America
20. Lockheed Martin Investment Management Company Corporate Pension North America
21. FedEx Employees Pension Plan Corporate Pension North America
22. United Technologies Corporation Pension Plan Corporate Pension North America
23. Stichting Pensioenfonds PGB Corporate Pension Europe
24. Honeywell International Pension Plan Corporate Pension North America
25. Fundação Petrobras de Seguridade Social Corporate Pension Latin America
26. Blue Sky Group Corporate Pension Europe
27. BBC Pension Trust Corporate Pension Europe
28. Dow Corning Corp. Pension Corporate Pension North America
29. Dow Employees Pension Plan Trust Corporate Pension North America
30. MIO Partners Corporate Pension North America
31. Citigroup Pension Plan Corporate Pension North America
32. Marsh & McLennan Companies Retirement Plan Corporate Pension North America
33. AG2R La Mondiale Retraite Corporate Pension Europe
34. Exelon Pension Plan Corporate Pension North America
35. Halliburton Company Pension Corporate Pension North America
36. PG&E Corp RSP For Union-Represented Employees Corporate Pension North America
37. Norsk Hydros Pensjonskasse Corporate Pension Europe
38. Stichting Philips Pensioenfonds Corporate Pension Europe
39. Verizon Investment Management Corporation Corporate Pension North America
40. Delta Air Lines Pension Plan Corporate Pension North America
41. Walt Disney Company Retirement Plan Master Trust Corporate Pension North America
42. Consolidated Edison Pension Plan Corporate Pension North America
43. Berkshire Hathaway Consolidated Pension Plan Corporate Pension North America
44. National Grid UK Pension Scheme Corporate Pension Europe
45. Caterpillar Inc Retirement Income Plan Corporate Pension North America
46. John Deere Pension Trust Corporate Pension North America
47. 3M Investment Management Corporation Corporate Pension North America
48. Truist Financial Corp Pension Plan Corporate Pension North America
49. General Dynamics Corporation Pension Plan Corporate Pension North America
50. Hewlett Packard Enterprise Pension Plans Corporate Pension North America
51. American Airlines Pension Plan Corporate Pension North America
52. Pension Funds Novartis Corporate Pension Europe
53. Abbott Laboratories Annuity Retirement Plan Corporate Pension North America
54. Rio Tinto Pension Investments Limited Corporate Pension Europe
55. First American Financial Corporation Pension Plan Corporate Pension North America
56. Duke Energy Corporation Master Trust Corporate Pension North America
57. Eli Lilly Pension Plan Corporate Pension North America
58. BIMCOR Inc Corporate Pension North America
59. Stichting Pensioenfonds KPN Corporate Pension Europe
60. MetLife Pension Plan Corporate Pension North America
61. Bank of Ireland Pension Corporate Pension Europe
62. Colleges of Applied Arts and Technology Plan Corporate Pension North America
63. Stichting Pensioenfonds Xerox Corporate Pension Europe
64. Chevron Master Pension Trust Corporate Pension North America
65. Airbus Group Pension Trust Corporate Pension Europe
66. Union Mutualiste Retraite Corporate Pension Europe
67. FirstEnergy Master Pension Plan Corporate Pension North America
68. Altria Group Pension Plan Corporate Pension North America
69. CenturyLink Combined Pension Plan Corporate Pension North America
5 Companies With the Best Retirement Plans
Ever wonder how your company retirement plan stacks up against the country's best employers? Take a peek at these great retirement plans.
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PERSONAL FINANCE RETIREMENT PLANNING
5 Companies With the Best Retirement Plans
By SHEILA OLSON Updated August 10, 2021
Reviewed by DAVID KINDNESS
Today's workers—unless they've been in the workforce a very long time with the same employer or work in certain public sector or union organizations—will never know what a retirement pension, or defined benefits plan, looks like in real life. That's because these retirement plans are going the way of the dinosaur, replaced by the defined contribution plan, typically a 401(k) account.1
What's the difference? A pension plan pays a guaranteed amount each month, based on salary and years of service. A 401(k) plan, on the other hand, depends on employee and sometimes employer contributions and reflects the performance of the investments within them.
While the vast majority of businesses now offer 401(k) plans for retirement, there's a great deal of difference between the most and least generous among them. For example, some employers offer a generous employer match and even additional contributions based on salary. Others offer a better mix of investment options with lower fees. It's a good idea to look at the fine print to see what you're really getting when you enroll.
If you are wondering which companies do the best job setting up their employees for financial security in retirement, take a look at our list for the best retirement plans.
1. ConocoPhillips (COP)
ConocoPhillips has a generous employee matching program—it automatically pays a 6% match after you invest 1% of your income. In addition, the company offers a discretionary additional match of between 0% and 6% based on company performance and other factors including employee age. The goal is a 9% total match.2
In addition, investment options are broad, including a mix of stock, bond and international index funds. Vesting is immediate at 100%.3 Enrollment is voluntary, but employees must contribute a minimum of 1% to receive the company's contributions.2
2. The Boeing Company (BA)
Boeing transitioned all non-union employees from a pension to a 401(k) retirement plan in 2016, and the results have been amazing. With over $47 billion in assets, it is the second-largest plan in the country. The company matches 75% of the first 8% of employees' contributions.4 5
There's also a discretionary contribution of between 3% and 5% per year based on the employee's age.6 Boeing automatically enrolls employees in the plan, and there is a broad selection of stock, bond, and international index funds to choose from.4
3. Amgen Inc. (AMGN)
Amgen is another company with one of the best retirement plans, and is one of the more generous companies when it comes to employer contributions—it makes a 5% core contribution upfront, whether or not the employee makes a contribution to the plan.7
In addition, the company matches employees' contributions up to 5% of their salary for a total of 10%.7 There's also an employee stock purchase plan.8
Amgen's funds include a broad mix of stock, bond and international index funds. Employees are 100% vested immediately and are automatically enrolled in the plan.
4. Philip Morris International Inc. (PM)
You may have qualms about working for the king of tobacco, but Philip Morris does its best to reward and retain top talent. In addition to matching the first 5% of employee contributions, the company adds an additional 7% of eligible employee compensation for a total of up to 12%.
There are no bond funds to select, but a broad range of stock and international index funds are available. Eligible employees are automatically enrolled and are 100% vested immediately.9
5. Citigroup Inc. (C)
This banking giant does a good job with its retirement plans, matching 100% of the employee's first 6% of contributions.10 There's an additional 2% added in, but it's important to note that Citigroup makes its contributions in a lump sum at or after year-end and not at the same regular intervals that employee contributions are made.11 Fund options include stock and international index funds—no bond funds are available. Enrollment is automatic, and employees are fully vested immediately.10
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ARTICLE SOURCES
14 Companies That Still Offer Pensions
It's hard to find a job with a pension -- but they do exist.
5 Jobs That Still Come With a Pension
Plan for retirement ahead of time by learning about these five jobs with pensions.
14 Companies That Still Offer Pensions
Gabrielle Olya June 6, 2019
As of 2017, only 16 percent of Fortune 500 companies offered a traditionally defined benefit pension plan to its new hires, according to a Willis Towers Watson report. That’s a dramatic drop from the 59 percent of that same group of employers that offered pensions in 1998.
Pension plans are retirement plans that employers maintain and contribute money for employees who will later receive fixed payouts when they retire. Although more and more companies are opting to offer employees a 401k plan instead — which is much more cost-effective for the employer — there are still some jobs that come with a pension.
ExxonMobil
ExxonMobil’s pension plan provides employees with a monthly benefit from retirement until death. The plan offered by the energy company is flexible — employees can choose from different payment options. The pension can also benefit survivors in the case of the employee’s death. ExxonMobil employees can begin collecting pension payments as early as age 50.
Coca-Cola
In addition to giving employees access to a 401k plan with a 3 percent company match, Coca-Cola also offers a defined benefit plan that is fully funded by the company.
Other Benefits: Changes to Social Security Spousal Benefits You Need to KnowBB&T
BB&T Bank makes it easy for its employees to participate in its pension plan — employees are automatically enrolled on the first day of the year after they complete one qualifying year of service, which is defined by the company as “a year during which the employee works at least 1,000 hours.” The plan is fully funded by BB&T, and employees are 100 percent vested after five years of vesting service. Employees can access their pension benefit as early as age 55.
Worth Looking At: 10 Low-Paying Jobs That Will Actually Pay Off in RetirementNextEra Energy
NextEra Energy employees who have been with the company for a full year are eligible for the pension plan. The plan is fully funded by the company and provides basic credits toward a cash balance account based on years of vesting service. Employees who have less than five years of vesting services get credit for 4.5 percent of their pensionable earnings, and those with five years or more get credit for 6 percent of their pensionable earnings.
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