There’s more to retirement planning than socking away a chunk of each paycheck every month. For those who have access to retirement saving funds like a 401(k), this savings vehicle can be a great way to prepare for the future. Though, did you know location can have an impact on your 401(k) plan? The folks at SmartAsset wanted to uncover where 401(k) plans were performing best and jumped into the data to uncover them.
According to the data Phoenixville was one of the top places in Pennsylvania for 401(k)s. For more information on how the top locations in Pennsylvania performed, check out the table below:
| Rank | City | Employer Contribution Percentage | Investment Performance | Administrative Fees | Best 401(k) Plans Index |
|---|---|---|---|---|---|
| 1 | Lewistown, PA | 80.7% | -2.5% | 0.4% | 89.37 |
| 2 | Sayre, PA | 62.9% | -2.4% | 0.0% | 82.48 |
| 3 | Bellefonte, PA | 53.5% | 6.3% | 0.1% | 82.42 |
| 4 | Corry, PA | 58.6% | -0.2% | 0.3% | 80.42 |
| 5 | Phoenixville, PA | 60.8% | -0.9% | 0.4% | 80.21 |
| 6 | Clearfield, PA | 52.4% | -0.3% | 0.3% | 77.13 |
| 7 | Ellwood City, PA | 45.4% | 2.2% | 0.1% | 76.04 |
| 8 | Nazareth, PA | 45.4% | 1.4% | 0.1% | 75.85 |
| 9 | Collegeville, PA | 48.8% | -1.3% | 0.2% | 75.15 |
| 10 | Canonsburg, PA | 45.1% | -0.4% | 0.0% | 74.74 |
Additional information on the study, including the full results, methodology, and interactive map can be found here: https://smartasset.com/retirem
