Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
COVID-19 News
COVID-19 Webcasts

Featured Jobs

Distribution Specialist

Carpenter Morse Group
(Telecommute / Longwood FL)

Carpenter Morse Group logo

Qualified Plan Administrator

Clark Schaefer Hackett
(Cincinnati OH / Miamisburg OH / Columbus OH)

Clark Schaefer Hackett logo

Retirement Plan Consultant

(Telecommute / Dallas TX / University Place WA / Spring TX)

Definiti logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Retirement Balances of 401(k) Faithfuls Quadrupled in Past Decade
Reuters Link to more items from this source
Feb. 14, 2013

"U.S. workers who stayed put in the same company 401(k) plan for the past decade saw the size of their accounts quadruple to an average of nearly $200,000, despite major stock market turmoil ... The results underscore the stock market's recent resurgence and how important it is for 401(k) participants to keep contributing to their accounts, even when their balances decline, like they did during the height of the financial crisis. This is good feedback for young workers, too, because more 401(k) plans automatically enroll them in retirement plans while escalating their contribution rates each year, experts said."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020, Inc.