401k Assets $440 Billion

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

Number of 401k Plans: 111,394
Active 401k Participants: 19,039,000
Total 401k Assets: $440.3 billion
401k Contributions: $51.5 billion
401k Benefit Payments: $32.7 billion

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Some Myths About 401k’s
Myth 3: Most employers suspended their company match during the recession and have not reinstated it.

• Only 8 percent of Fidelity plan sponsors reduced or eliminated their employer contributions during the height of recession in 2008 and 2009. Since then, more than half (55%) have already or indicated they plan to reinstate this benefit within the next 12 months.

• Larger companies (5,000+ employees) are at the forefront of this trend with 71 percent having already reinstated or planning to reinstate their employer contribution.

• Overall, 80 percent of active participants within corporate defined contribution plans recordkept by Fidelity received employer contributions in 2010.
Fidelity Investments
401k Recent Articles
401k Facts

Fees of 401(k) plans vary greatly due to unique plan characteristics, plan / investment design, range and quality of services provided, and pricing strategies employed by retirement providers.
Totaling all administration, recordkeeping and investment fees, the median 'all-in' fee for the plans in the Survey was 0.72% of assets or approximately $350 per participant for a participant with an account balance of $48,522 (the median participant average account balance among plans in this Survey). The data show 10% of plans in the Study had an 'all-in' fee of 0.35% of assets or less, while 10% of plans had an 'all-in' fee of 1.72% of assets or more. (SOURCE: Deloitte/Investment Company Institute 'Defined Contribution / 401(k) Fee Study')

401k Assets $440 Billion

Some Myths About 401k’s

401k Recent Articles

401k Facts

Fees of 401(k) plans vary greatly due to unique plan characteristics, plan / investment design, range and quality of services provided, and pricing strategies employed by retirement providers.