A Wells Fargo study reveals key differences between men and women and their approach to managing their 401(k) plans.
Forty-three percent of men but only 39 percent of women are saving at Wells Fargo's recommended contribution index, which measures how many people are saving a minimum target of 10 percent, including the employer match.
Where gender was indicated, about half of men (49 percent) and four out of ten women (43 percent) are currently enrolled in their workplace 401(k) plan. Data was complied from 2,036 companies.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
