401(k) Deferral Rates Reach All-Time High

401(k) Deferral Rates Reach All-Time High

The average employee 401(k) deferral rate reached the highest in 10 years, finds a T. Rowe Price report.

The report, based on 2017 numbers, found the pre-tax deferral rate was 8.3 percent. That, mixed with market appreciation helped boost account balances. Accounts in 2017, saw an average of a nearly $9,600 increase compared with only a $2,500 increase in 2016.

67 percent of plans offered Roth contributions. The percentage of eligible participants making catch-up contributions reached a 10-year high as well, increasing to 12.2 percent. Plan sponsor adoption of target-date funds also reached a 10-year high, rising to 94 percent.

Millennials, Like Their Parents, Will Depend on Social Security in Retirement

Millennials, Like Their Parents, Will Depend on Social Security in Retirement

Younger Affluent Americans Leading Charge Toward Socially Responsible Legacy

Younger Affluent Americans Leading Charge Toward Socially Responsible Legacy

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