Perhaps no greater factor will determine the country's retirement security than participation levels in employer-sponsored defined contribution plans and, in that regard, no state may be better off than Delaware.
New data from Judy Diamond Associates, a provider of 401(k) plan analysis to RIAs, brokers and fund companies, show that nationwide, 71.6 percent of eligible participants had balances in their 401(k) plans at the end of 2013.
"The best plan in the world is useless until a participant actually begins to contribute and build an account balance," said Eric Ryles, managing director of Judy Diamond Associates, a division of Summit Professional Networks, BenefitPro's parent company.
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.