What happened with 401(k) Participants in 2015?

This guy can drink coffee and read the paper because he isn't worried about his 401(k).

This guy can drink coffee and read the paper because he isn't worried about his 401(k).

America’s overall savings rate might be dismal, but if workers actually have a 401(k) plan, they’re not doing too badly, at least according to the Investment Company Institute.

The money management advocacy organization finds 40(k) participants continued to save for retirement in 2015, according to its latest study of retirement plan savers’ actions.

The study, titled “Defined Contribution Plan Participants’ Activities, 2015,” is based on DC plan record-keeper data covering more than 26 million participant accounts in employer-based plans.

Defined Contribution Plan Participants Continued to Save; Withdrawal Activity Remained Low

401(k) plan participants continued to contribute to their 401(k)s paycheck-by-paycheck in order to save and invest in their future, even as stock market prices changed little over the first half of the year, fell in the third quarter, and recovered in the fourth quarter.

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

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