Dentists ranked top 5 on list of best 401k plans

Dentists were ranked No. 5 out of 27 on a list of best 401k plans by job sectors by Judy Diamond Associates

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Industries were scored on seven metrics: average account balance, employee contributions, employee longevity, participation rate, employer contributions, rate of return and plan score. Lower scores resulted in higher rankings. Dentists were ranked No. 8 in last year’s rankings. 

The 32,931 dentists included in the data have an average account balance of $107,568 and average employer contribution of $2,775 per participant. 

Dental practices with one to 10 dentists have an average account balance of $122,782, while dental companies with 5,000 or more participants have an average account balance of $40,141, according to the report.

Here are the five top-ranked industries and each profession’s overall score:

1. Certified public accountants: 26

2. Financial advisors: 32 

3. Lawyers: 33

4. Physicians: 43

5. Dentists: 43

At the Becker's 5th Annual Future of Dentistry Roundtable, taking place November 12–14 in Chicago, dental leaders and executives will gain insights into emerging technologies, practice growth strategies and the evolving landscape of dental care delivery, with a focus on innovation, patient experience and operational excellence. Apply for complimentary registration now.

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