Contributions to 401(k) plans were up $13 billion in 2013 from the previous year, according to analysis from Judy Diamond Associates.
The 5 percent year-over-year increase in 2013 represents contributions from employees and employers, and is the most recent year for which data is available.
Employer matches were roughly $96 billion in 2012, while employees contributed $174 billion. In 2013, employer matches hit $101 billion, and employees increased their deferrals to $182 billion.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
