what is the latest statistics on 401k plans? | 401k Questions

Question

Asked 11/11/2006

what is the latest statistics on 401k plans?

im sure the 2006 numbers are not out there yet, but for 2005, how many plans are there and how many active participants are there and how much assets are in 401k plans? if you could cited a source that would be great too... i need this info asap thanks so much!

Answers

Answer 1/1 - Submitted 11/13/2006

I'm hoping this will help - here's a report published in December 2005 by the Vanguard Group: "How America Saves 2005." It presents lots of statistics on their plan participants, based on data from 2004.

"According to this study by the Vanguard Center for Retirement Research, the typical Vanguard plan participant is 44 years old, has an annual household income of $54,000, and is saving 6% of income. This participant has accumulated $24,000 in his current employer’s plan and is invested in a diversified equity-oriented portfolio."

A .pdf of the complete report is available at the link below.

401k Related Topics

Related Questions (Ask a New Question)

I am an employer who is going to be acquired by another company. do we have to merge 401k plans by law?

I was curious if various wholly owned subsidiaries of a holding company can have their own 401k plans. can we all continue to have our own separate 401k plan?

See Answers

Do all 401k plans keep defaulted loans on the employee's quarterly statements?

I have a defaulted 401k loan that still shows on all quarterly statements, is this standard practice for all 401k plans?

See Answers

401k

I am currently 19 years old and have extra money that i want to start investing with. i am looking into a 401k and would like to know more information about these retirement plans. what is a typical interest rate for a 401k? at what age can you take money out of a 401k without a penalty? how can i...

See Answers

Related Questions

I am an employer who is going to be acquired by another company. do we have to merge 401k plans by law?

I was curious if various wholly owned subsidiaries of a holding company can have their own...

See Answers

Do all 401k plans keep defaulted loans on the employee's quarterly statements?

I have a defaulted 401k loan that still shows on all quarterly statements, is this standard...

See Answers

401k

I am currently 19 years old and have extra money that i want to start investing with. i am...

See Answers

Can i have two 401k jobs and is it ok that they both have different plans?

I have a full time job that gives 401k but i also hae another full-time job that gives 401k...

See Answers

Can i deduct the amount that i had contributed to my employers 401k plan?

I have two jobs with 401k plans. can i deduct the amount of money that i have contributed...

See Answers

This is the first year we have had 401k. do i file something in my taxes? we have not withdrawn anything from either of our ...

How, or do i even, file the 401k information in my tax return?

See Answers

See more 401k questions

Advertise on this Site