Participation Rate in 401K Retirement Scheme at an award winning petroleum company

DynMcDermott (DM), the Operating Contractor for the US Department of Energy (DOE) Strategic Petroleum Reserve (SPR), and winner of the 2005 Malcolm Baldrige National Quality Award (Service Sector), achieved excellent participation rates in its 401K retirement account scheme. In 2001, against a Sponsor Norm of 80% and a DM goal of 80%, DM achieved an…

BPIR Categories

15.4.1 Employee satisfaction/dissatisfaction
9.3.7 Manage employee retirement