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Rising 401(k) Contribution Rates, Fewer Plan Loans, Show a Return to Normal
Society for Human Resource Management [SHRM]; membership may be required to view article Aug. 27, 2021 "The average annual 401(k) savings rate for plan participants reached a new high of 9.3 percent of workers' earnings this year ... Less than 1 in 5 (17.5 percent) of plan participants had an outstanding loan from their 401(k) in the second quarter of 2021, a record low percentage.... Only 5.3 percent of 401(k) savers made a change to their asset allocation in the second quarter, the lowest percentage since the fourth quarter of 2019." |
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