TVA’s 401(k) Plan Named Best in Class by Leading Publication

TVA has one of the most competitive 401(k) plans in the country—and has now received national recognition for this superlative benefit.

JULY 5, 2016—When it comes to helping employees prepare for retirement, TVA stacks up really well. In fact, a leading national publication has just recognized TVA’s 401(k) plan as “Best in Class” for 2016.

PLANSPONSOR completes a rigorous review of the nation’s top 401(k) plans and names a best-in-class list each year. According to its website, the designation is reserved for “401(k) retirement plan sponsors that meet the highest standard of excellence as deemed by our research and editorial teams.”

TVA joins on the list venerable names such as IBM, Michelin North America, DuPont and Verizon.

“We have one of the most competitive 401(k) plans available,” says Pat Brackett, director of Retirement Services for TVA. “We are thrilled that a national publication has recognized our plan as a best-in-class retirement savings tool for our employees and their families.”

PLANSPONSOR evaluates plans on four main criteria and expectations:

  • Strong oversight and governance
  • Strong outcomes in retirement readiness
  • A focus on financial success for participants
  • Easy-to-use features for participants

Brackett noted that the Retirement System continually looks for opportunities to strengthen the plan for participants. Earlier this year, the plan introduced an improved investment lineup, providing participants higher quality, streamlined investment choices that help meet individual and family retirement needs.