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401(k) market projected to grow 9 percent in '14

Growth in 2014 should counteract the early wave of baby boomer retirements that will limit the amount of money flowing into 401(k)s.

By Paula Aven Gladych | Updated on November 15, 2013

Economic growth and a rising stock market will help the 401(k) market grow by 9 percent next year, reaching $4.2 billion by the start of 2015, according to Ignites Retirement Research.

The market also grew at 9 percent in 2013, up from $3.6 billion at the end of last year. Growth in 2014, fueled by the improving U.S. economy and better financial market performance, should counteract the early wave of baby boomer retirements that will limit the amount of money flowing into 401(k)s.

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