BrightScope Rating
Company:
BP Corporation North America Inc.
Plan:
BP Employee Savings Plan
BP Corporation North America Inc.
86
Plan:
6
59
91
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 5 point difference between this plan's BrightScope Rating (86) and the top rated plan (91) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $298,700 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
BP Employee Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 86, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity, Salary Deferrals, Total Plan Cost, Investment Menu Quality, and Account Balances. BP Employee Savings Plan currently has over 23,100 active participants and over $6.9B in plan assets.
Plan Details
| Address | 501 Westlake Park Blvd. Houston, TX 77079 |
| Industry | Petroleum Refineries |
| Administrator | Richard J. Dorazil |
| Net Plan Assets | $7,000,000,000 |
| Total Participants | 39,000 |
| Avg Account Balance | $180,000 |
Top 3 Investment Holdings
| 1. | BP PLC American Depositary Shares | 32% |
| 2. | Northern Trust S&P 500 Index | 6% |
| 3. | Dwight Target 2 Fund | 4% |
Other Companies in Peer Group
| ConocoPhillips Company | 83.7 |
| Pfizer | 83.6 |
| Shell Provident Fund Trustees | 83.4 |
| E.I. DuPont De Nemours and Company | 80.8 |
| Abbott Laboratories | 79.3 |
| RR Donnelley & Sons Company | 61.6 |
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