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Principal finds higher savings rates in DC plans

Retirement savings account balances have shot up 93 percent since the economic downturn, but rising stocks alone arent fueling that growth, according to research by the Principal Financial Group.

By Lisa Barron | Updated on May 30, 2014

Retirement savings account balances have shot up 93 percent since the economic downturn, but rising stocks alone aren’t fueling that growth, according to research by the Principal Financial Group.

Principal’s study found a significant increase in 401(k) participation and savings rates since the market crash, with account balances gaining 17 percent in 2013 alone to an average of $54,000.

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