401k Assets Total $864 Billion

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 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.
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Studies consistently find that, even after accounting or individual characteristics, the employer match is an important determinant (of employee 401k participation)...The presence of an employer match produces a large initial return on the employee’s contribution that supplements the benefits of tax deferral and encourages participation... the presence of a match increases participation by 5 to 10 percentage points. (Source: Center for Retirement Research at Boston College)

Some Myths About 401k’s