Annual 401(k) Plan Benchmark Report Shows Growth in Assets and Enrollment
The tenth annual 401(k) Plan Benchmark Report by Judy Diamond Associates reveals a $600 billion increase in total 401(k) assets to $8.6 trillion, driven by strong market returns. Enrollment rose to 106 million workers from 94 million post-COVID, though average account balances are not rising as quickly as market gains. The report highlights continued growth in retirement readiness despite slower balance increases.
Topics: 401(k) plans employee benefits financial planning market trends retirement savings