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401(k) ownership up, IRA ownership drops

American families' participation in employment-based retirement plans have dropped back to levels last seen in the 1990s, with more emphasis on 401(k)s.

By Andy Stonehouse | Updated on September 26, 2012

American families’ involvement in retirement plans are on the decrease, and their ownership of IRAs is also on a downward slope, after strong increases in the last two decades.

But if there’s any good news in there for the 401(k) industry, EBRI research suggests that those dwindling participants are more likely to be participating in a 401(k) than any other retirement product. And, along the way, the 401(k) has become a much more important repository of future wealth than any other financial vehicle.

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