Bristol-Myers Squibb Company Savings and Investment Program is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 89, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. Bristol-Myers Squibb Company Savings and Investment Program currently has over 21,500 active participants and over $5.8B in plan assets.
Did you know?
For the average 401k participant, the 1 point difference between this plan's BrightScope Rating (89) and the top rated plan (90) could equate to:
1
Additional years of work
79,850
Lost 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. How is this calculated?
Plan Details
Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.
Plan data accurate as of 12/31/2017 Plan data has been audited by an Independent Qualified Public Accountant (IQPA).Address
345 Park Avenue
Benchmark your plan against others to achieve your business objectives.
Top Industry Articles
Compliance
Retirement Plan Cybersecurity the Issue in a New Lawsuit
A retirement plan participant who had $99,000 stolen from her account has sued the plan sponsor and plan providers.
October 14, 2019
Practice Management
How Retirement Plan Advisers Justify Their Fees
One adviser charges a flat fee up to certain asset levels, and then additional basis points as plans grow, while another emphasizes the detailed, time-intensive fiduciary work he does for clients when asking for a fee increase.
October 16, 2019
Data & Research
In-Plan Guaranteed Income Will Always Be a Challenge
There is clearly a growing interest among retirement plan industry stakeholders in providing guaranteed income annuity options within defined contribution plans, yet consensus remains elusive.
October 18, 2019
Compliance
IRS Plan Includes Guidance on Student Loan Payments and Retirement Plans
The IRS says the published guidance process can be successful only if it has the benefit of the insight and experience of taxpayers and practitioners. It invites the public to provide comments and suggestions.
October 15, 2019
Deals & People
Broadridge Acquisition of Fi360 Underlines RIA Fiduciary Evolution
Leading up to its own acquisition by the larger Broadridge organization, Fi360 had been actively acquiring other fiduciary solutions firms, aiming to build a comprehensive suite of RIA services.
Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves
by Jason Hull
