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2015 PSCA 403(b) Survey Finds Higher Contributions, Better Balances
Plan Sponsor Council of America [PSCA] 
July 9, 2015 "Average account values among 403(b) plan participants grew to $62,513 in 2014, compared to $54,600 in 2013. Participants contributed an average of 6 percent of their annual pay to their account, up from 5.8 percent in 2013. In addition to participant contributions, the survey shows nearly a quarter of 403(b) plan sponsors match employee contributions dollar for dollar on the first 5 percent or 6 percent deferred.... Just 16.2 percent of 403(b) plans use automatic enrollment, up slightly from last year's 16 percent." MORE >> |
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