Only 26 percent of Roth IRA holders contributed to their accounts in 2011, compared with just 6 percent of traditional IRA owners.
New data from the nonpartisan Employee Benefit Research Institute found that most contributions are made into a Roth IRA, while most of the assets are held in traditional IRAs that originated from a 401(k) plan rollover.
The median balance in a traditional IRA originating from a rollover was $110,918. Roth owners had lower average and median balances at $25,228 and $11,344. In EBRI's IRA Database, nearly 13 times the amount of money was added to IRAs through rollovers than from new contributions.
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.