ABBOTT LABORATORIES
($ in millions)
Total 401(k) assets $4,189
No. of 401(k) plans 1
Eligible employees 35,000
Participation rate 89%
Total 401(k) contributions $235
Employee contributions $178
Employer contributions $57
ABBOTT PARK, Ill. -- In 1997, Abbott Laboratories matched employee contributions on a point system based on service and contributions, up to 2% of pay. The match is cash.
The company's plan uses mutual funds. They offer daily valuation and daily switching.
The five most heavily used investment vehicles are: company stock; Putnam Voyager; Putnam Growth & Income; George Putnam of Boston; Putnam Stable Value.
The plan offers daily valuation and daily switching.
401(k) bundled service provider: Putnam.
AlliedSignal Inc.
($ in millions)
Total 401(k) assets* $5,000
No. of 401(k) plans 1
* From P&I data
MORRISTOWN, N.J. -- The 401(k) plan service provider for AlliedSignal Inc., according to Money Market Directory, was State Street.
Allstate Insurance Co.
($ in millions)
Total 401(k) assets* $4,755
No. of 401(k) plans 1
* P&I estimate
NORTHBROOK, Ill. -- The 401(k) plan service providers for Allstate Insurance Co., according to Money Market Directory, were Hewitt, Northern Trust and State Street.
American Stores Co.
($ in millions)
Total 401(k) assets $3,888
No. of 401(k) plans 1
Eligible employees 50,000
Participation rate 70%
Total 401(k) contributions $165
Employee contributions $83
Employer contributions* $82
*1996 contribution
SALT LAKE CITY -- In 1997, American Stores Co. matched employee contributions in variable amounts up to 6% of pay. The match is cash.
The company's plan uses mutual funds and separate account managers.
The five most heavily used investment vehicles are: a regular fund, fixed income; equity; short maturity; and company stock.
The plan offers daily valuation and daily switching.
401(k) plan service providers: Fidelity and various portfolio managers.
Ameritech
($ in millions)
Total 401(k) assets* $4,759
No. of 401(k) plans 2
* From P&I data
CHICAGO -- The 401(k) plan service providers for Ameritech, according to Money Market Directory, were State Street, Bankers Trust, INVESCO, PRIMCO and Towers Perrin.
Amoco Corp.
($ in millions)
Total 401(k) assets $4,200
No. of 401(k) plans 3
Eligible employees 27,000
Participation rate 91
Total 401(k) contributions $200
Employee contributions $120
Employer contributions $80
CHICAGO -- In 1997, Amoco Corp. matched employee contributions 100% up to 7% of pay. The match is company stock.
The company's plans use commingled funds and separate account managers.
The five most heavily used investment vehicles are: company stock; equity index fund; money market fund; balanced fund; and bond index fund.
The plans offer daily valuation and daily switching.
401(k) plan service providers: State Street Bank & Trust Co.; Bankers Trust Co.; Brinson Partners, MetLife.
