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Asked 11/11/2006
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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! |
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.
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