Fidelity Releases New 401(k) Data
By Ryan Ellis • Monday, August 17, 2009 12:00 pm
Fidelity Investments recently released 2nd quarter data for the 17,500 corporate defined contribution plans and 11 million participants it services.
- The portion of participants increasing their deferral rate in the 2nd quarter of 2009 was larger than the portion decreasing the rate. This reverses the trend of the prior three quarters when a greater percentage of participants lowered their deferral rates.
- The percentage of active participants who decided to stop contributing during the second quarter was 1.3%, down from 2.2% in the past two quarters and in line with the longer-term historical trend of about 1%
Last month Fidelity released new data regarding the adoption of auto features, such as automatic enrollment.
- Adoption of auto-enroll among small plans was minimal prior to the Pension Pension Act of 2006. Post-PPA growth in adoption of auto-enroll has been significant across all plan sizes with larger plans leading the trend.
- More than half of participants auto-enrolled in 401(k) plans are middle or low income workers, earning less than $40,000/year.
- Regardless of how high the initial auto-enrolled default contribution rate is, 95% of employees accept or increase their deferral above the default rate.
Comments (4)
Post Your Comment
Your articles are for when it aobstluely, positively, needs to be understood overnight.
>> Tibbie October 10, 2011 2:19 pm
9eaPVb vkfapwkbjuwh
>> owlxrxrkqp October 11, 2011 10:04 am
wQ7CM0 ejdtkcowigcd
>> qaaszzldkwd October 13, 2011 10:46 am
8EXJnm , [url=http://emzeithtkkhy.com/]emzeithtkkhy[/url], [link=http://xxrcmfflogbl.com/]xxrcmfflogbl[/link], http://nzoovpaytlhu.com/
>> gyopoqe October 15, 2011 9:28 am
Add a Comment