Our daily roundup of retirement news your clients may be thinking about.
The average 401(k) account holds $96,000. How does yours stack up? A study by Vanguard found that the average 401(k) balance dropped to $96,288 in 2015 from $102,682 recorded in 2014, with the median balance dwindling to $26,405 last year from $29,603 the prior year, according to this article on Money. The decline could be attributed to poor market returns and the plans' auto enrollment feature, the study found. “As the effects of auto-enrollment kick in, there are more small balances,” says one of the researchers. –Money
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access