There are a number of investment vehicles to consider when drafting a plan menu that best suits the plan's participants.
Tag: plan participants
This is a 2.25% increase from $97,700 in the previous quarter—and a 31.27% increase from the average $76,100 balance five years ago.
Baby Boomers’ average 401(k) account balance in June 2007 was $115,000, but those who continued to contribute to their account saw that balance grow to $315,000 as of this past June.
Immediate eligibility and no entry age requirement would help Generation Z benefit from the time value of money.