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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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.