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Employer Contributions Reach Record-High Levels
American Retirement Association [ARA] 
June 2, 2023 "Total savings rate for the first quarter -- which reflects a combination of employer and employee 401(k) contributions -- improved to 14% (compared to 13.7% in Q4 2022 and 13.8% in Q3 2022... [T]he average 401(k) employer contribution, which includes profit sharing and matching contributions, reached a record 4.8% in Q1[.]" |
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