SmartAsset Study: Where in New Jersey are 401(k)s performing best?
A recent study by New York financial technology company SmartAsset identifies where people have access to the best 401(k) benefit plans in New Jersey. The study compared employer contributions against total contributions, as well as retirement plan investment performance and administrative fees in cities across the country.
For a more detailed look at the leaders in New Jersey check out the table below:
| Rank | City | Employer Contribution Percentage | Investment Performance | Administrative Fees | Best 401(k) Plans Index |
|---|---|---|---|---|---|
| 1 | Succasunna, NJ | 81.7% | 6.8% | 0.4% | 94.25 |
| 2 | Hightstown, NJ | 69.5% | 6.4% | 0.5% | 87.51 |
| 3 | Pleasantville, NJ | 63.7% | 6.8% | 0.2% | 84.69 |
| 4 | Haddon Heights, NJ | 59.9% | 4.7% | 0.5% | 81.58 |
| 5 | Kendall Park, NJ | 56.6% | 5.5% | 0.0% | 80.35 |
| 6 | Millville, NJ | 49.8% | 6.4% | 0.1% | 77.15 |
| 7 | Florham Park, NJ | 46.2% | 7.0% | 0.1% | 75.53 |
| 8 | Englewood Cliffs, NJ | 46.8% | 6.4% | 0.2% | 75.52 |
| 9 | Hackensack, NJ | 44.6% | 7.4% | 0.2% | 74.85 |
| 10 | Bridgeton, NJ | 44.5% | 6.7% | 0.2% | 74.46 |
The full study results, methodology, and interactive map can be found here: https://smartasset.com/
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