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Facebook has the least generous 401(k) plan among 250 of the largest public companies in the United States, according to a report.
The ranking by Bloomberg News, which is based on 2012 data, shows that the social media company didn’t make any contributions to its 401(k). It began making contributions this year.
ConocoPhillips topped the rankings, “largely due to a matching formula that contributes 9% of annual salaries for employees who save as little as 1% of their pay.”
Most of the organizations that have the best rankings allow company contributions to vest immediately.
The list is available on Bloomberg’s website.
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