
Dec 21
Average 401(k) Balances for 6 Different Age Groups: 2023 - ThinkAdvisor
Michael S. Fischer
In recent years, retirement plan sponsors have increasingly adopted automatic solutions to help employees save more for retirement, according to research from Vanguard.
As a result, the fund giant says, plan participation rates have increased, automatic enrollment designs have become stronger and participant portfolio construction has continued to improve with more age-appropriate asset mixes and less extreme equity allocations.
