nest shaped like a human head containing an egg labeled 401k (Photo: Shutterstock)

Whether it’s post-pandemic-related or worries about the economy, Americans are saving for retirement. A study from the Investment Company Institute – Defined Contribution Plan Participants’ Activities, 2022 – shows that only 2.5% of defined contribution (DC) plan participants stopped contributing to their plans last year, indicating disciplined savings habits through stretches of historic market volatility.

Compared with 2021 data, the percentage of DC plan participants withdrawing account funds held steady at 4.1%, suggesting that Americans are committed to preserving their retirement nest eggs even during challenging times.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.