The average account balance in small-business retirement savings plans increased 20 percent since 2007 and jumped an average of 64 percent over 2008, when balances were at their lowest point.
Fidelity Investments came up with those figures after analyzing six years of data for more than 200,000 small-business accounts with the firm. These plans usually have fewer than 10 employees.
Fidelity found that even during the economic downturn, small-business owners and their employees continued to increase their contribution rates.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
