Perhaps no greater factor will determine the country's retirement security than participation levels in employer-sponsored defined contribution plans and, in that regard, no state may be better off than Delaware.
New data from Judy Diamond Associates, a provider of 401(k) plan analysis to RIAs, brokers and fund companies, show that nationwide, 71.6 percent of eligible participants had balances in their 401(k) plans at the end of 2013.
"The best plan in the world is useless until a participant actually begins to contribute and build an account balance," said Eric Ryles, managing director of Judy Diamond Associates, a division of Summit Professional Networks, BenefitPro's parent company.
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.
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.
