401k Assets Reach $2.2 Trillion

401k statistics for the year as reported by the U. S. Department of Labor Employee Benefits Security Administration (EBSA):

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Some Myths About 401k’s
Myth 5: Roth 401k's are only for older, wealthy employees.

• Not true. More than twice as many active participants in their 20s contribute to Roth 401k's than do those aged 50 and older (9% vs. 4% respectively).
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401k Company Matches
The employer match has two components: the percentage of contributions that the employer will match (the match rate) and the percentage of the employee’s earnings on which the match will be provided (the match level). Although employers have adopted a variety of match rates (see Figure 1), the typical employer match consists of a 50 percent match on 6 percent of the employee’s salary. Taken together, the typical employer match is thus 3 percent of employee earnings. Most employers permit their workers to continue contributing on an unmatched basis past the 6 percent match level. (Source: Center for Retirement Research at Boston College)

Some Myths About 401k’s