401(k) Plans: A 25-Year Retrospective (PDF; 718 KB)
Source: Investment Company Institute
From press release:
As the 401(k) plan turns 25, a new study by the Investment Company Institute finds that these defined contribution savings plans have become a mainstay of America’s retirement security.
November 10, 2006, will mark the 25th anniversary of the 401(k) plan. Originally viewed as a supplement to traditional workplace pension plans, 401(k) plans now have 47 million active participants-more than twice the 21 million who participate in private-sector defined benefit pensions. 401(k) plans held $2.4 trillion in assets in 2005, compared to $1.9 trillion in assets in all private-sector defined benefit pensions.
