New report flashes a warning light over 401(k) account balances | CNN Business

. That’s according to the latest annual report, “How America Saves,” from investment firm Vanguard, which serves as record keeper for defined contribution plans that, combined, have nearly 5 million participants with a median age of 43. Such plans include 401s and 403s, as well as a much smaller universe of plans that employers simply put money into for employees and then employees direct how that money is invested.

But more than a third of employers offer not only a matching contribution but also a nonmatching contribution, meaning they put money into an account on behalf of eligible employees whether or not they are saving themselves. These often take the form of fixed- or variable-rate profit-sharing payments. “Among plans with a nonmatching employer contribution, the average contribution was equivalent to 5.1% of pay; the median contribution, 4.1% of pay,” Vanguard noted.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Bud Light loses its title as America's top-selling beer | CNN BusinessAmerica’s top-selling beer is no longer American.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »

The job market enters a new phase as the Great Resignation ends | CNN BusinessAs the dust begins to settle on the Covid-fueled economic tumult of the last few years, one pandemic-era trend appears to be on its way out: The Great Resignation.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »