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Employees Still Eschewing 401(k) Plans, According to a Study by Hewitt Associates
The Business JournalLink to more items from this source
Aug. 31, 2005
Excerpt: Hewitt's study, which examined the saving and investment behavior of more than 2.5 million employees eligible for 401(k) plans, shows that the rate of participation in 401(k) plans during 2004 increased 2.1% to 70.3% from 2002, and average 401(k) balances reached $69,000. However, nearly 30% of employees still did not participate in their 401(k) plans, with only 46% of workers under the age of 30 participating.

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