Last week, BenefitsPro ran a story on 401(k) assets: apparently they hit a record high of $3.075 trillion in 2010.
That's a large number, and it's a good jumping-off point for the unveiling of the first ever Dan Cole Award for Most Assets in a 401(k) Plan. We used FreeERISA to pull up the plans with the largest total assets as reported on the Schedule H of the 5500.
A number of strong contenders emerged this year, and hats off to them, but there's only one winner. This is not little league where I take all the 401(k) plans out for pizza and ice cream after every game, especially since some of them could use a little more practice fielding grounders and a little less time packing away the sweets: I'm looking at you, Lockheed Martin.
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