Loan & Distribution Specialist AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
AimPoint Pension
|
Compass
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Bates & Company, Inc.
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Retirement Balances of 401(k) Faithfuls Quadrupled in Past Decade
Reuters 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 linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |