Browsing Tag
401(k) Contribution Rates
60 posts
A 401(k) contribution rate is the percentage of an employee’s salary that they choose to contribute to their 401(k) retirement plan. Employers may also add matching contributions based on this rate. Contribution rates determine how much money is regularly invested for retirement, impacting long-term savings growth.
401(k) Contribution Rates Slip in 2022: PSCA
66th annual survey of defined contribution plans shows declines from all-time highs in 2021
UAW Strike Settlements: No Comeback for Pensions, But 401(k)s Get Big Boost
Ford, Stellantis and GM union members to get 10% employer contribution to defined contribution plan as result of strike-ending deals
Biden Formally Unveils SAVE Plan to Combat Student Loan Debt
President says 20 million borrowers could benefit from new “Saving on a Valuable Education” plan
Divide Doubles Between High, Low-Income Worker Retirement Account Balances
GAO report says lawmakers concerned current tax incentives heavily favor wealthy savers after report finds gap in account balances more than doubled from 2007-2019
401(k) Contribution Cutbacks Likely When Student Loan Payment Pause Ends
New Empower research finds 4 in 10 borrowers consider curtailing retirement contributions to help pay off student loans
401(k) Gender Savings Gap Still Large, But Smaller for Younger Participants
Bank of America finds that while men’s average account balance exceeds women by 50%, women in younger generations are closing the gap
Millennials, Gen Z Cutting Back on Retirement Contributions?
Morgan Stanley at Work survey finds more than 3 in 4 younger participants say they have reduced contributions, citing inflation and recession concerns
DC Withdrawal Activity Remained Low in 2022: ICI
Research from the Investment Company Institute finds withdrawal and contribution activity remained low in absolute terms throughout last year
401(k) Balances Dropped 20% in 2022 at Fidelity, But Increased in Q4
Fidelity’s just-released 2022 Retirement Analysis reveals that average account balances rose in Q4 and retirement savers continue to focus on the long term with savings rates remaining steady
BoA ‘401(k) Participant Pulse’ Report to Track Participant Confidence
The new reports from BoA will track 401(k) plan participant confidence to assess what trends are impacting retirement planning and financial wellness