Like everything else in New York, BrightScope's latest list of the area's top 25 401(k) plans is seriously competitive — so competitive, in fact, that a surprising number of big banks, brokerages and asset management firms dropped off this year's list.
With an average account balance of $303,634 and a 98.06 percent average participation rate this year, the best 401(k) plans in New York did well enough that a majority of the plans that BrightScope ranked below ninth place in 2012 did not appear on the 2013 list.
So say goodbye to AllianceBernstein, BlackRock, Goldman Sachs, Morgan Stanley, Nomura Securities and OppenheimerFunds.
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