Median 401(k) account balances jumped 11.5 percent between 2008 and 2011, to $42,082, according to the Employee Benefit Research Institute.
Even though the average defined contribution account saw a decline of 34.8 percent in 2008, the year the recession began, balances rose swiftly between 2009 and 2011 to an average of $94,492.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.