In 2018, the average account balance in 401(k) plans hit an all-time high, according to the Plan Sponsor Council of America's 62nd Annual Survey of Profit Sharing and 401(k) Plans.
The survey—now running into an astonishing sixth decade—offers arguably the most comprehensive look into the defined contribution space.
BenefitsPRO compared data from the 58th Annual survey, which accounts for 2014, to the most recent data to help understand what changes in design features, if any, explain the 36 percent increase in the average account balance over just five years.
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