How are 401(k) Participants Doing in 2015?

retirement savings

401(k) savers re behaving in 2015.

The holidays are here, which means the New Year is approaching. So how is 2015 shaping up for 401(k) savers?

Not too shabby, according to ICI’s latest study of retirement plan participants. Americans “remain committed” to saving for retirement through defined contribution (DC) plans. The study, tilted “Defined Contribution Plan Participants’ Activities, First Half 2015,” includes data from January through June and is based on DC plan record keeper data covering more than 26 million participant accounts at employer-based DC plans.

DC Plan Participants Continued to Save; Withdrawal Activity Remained Low

The study demonstrates that participants continued to save in their DC retirement plans at work during the first half of 2015:

DC plans are an important component of Americans’ retirement saving; assets in all DC plans represented more than one-quarter of assets in the total retirement market and accounted for almost one-tenth of U.S. households’ aggregate financial assets at the end of the first half of 2015.

ICI has been tracking participant activity through record keeper surveys since 2008. This update provides results from ICI’s survey of a cross section of recordkeeping firms representing a broad range of DC plans. Please visit ICI’s 401(k) resource page for more information.

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