ALM Intelligence Releases Third Annual 401(k) Plan Benchmark Report
This data comes from the 2016 plan year, the most recent data reported, and reviews of 27 distinct industries covering about 77 million eligible workers, of whom 56 million are actively participating. The value of all 401(k) accounts in 2016 grew by about
The complete 2018 401(k) Plan Benchmark Report is available at: http://www.judydiamond.com/products/401k-benchmarking-report/
"This year's Benchmark report offers something for everyone," said
Highlights from the 2018 report include:
- Overall participation rates ticked up from 72% in 2015 to 73% in 2016
- There was an 18% increase in plans offering automatic enrollment, which is now offered by 8.4% of all 401(k) plans, up from 7.1% in 2015.
- The five industries with the best 401(k) plans were: Certified Public Accountants, Financial Advisory, Legal, Dental, and Insurance
- The five industry groups with the most improved 401 (k) plans were: Construction, Mining/Utilities, Media, Banking, and Engineering
"The 401(k) benchmark study from ALM Intelligence helps many companies across a variety of industries see how they stack up versus their peers," said
About ALM Intelligence
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SOURCE ALM Intelligence
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