Retirement plan loan activity nudged down for most of last year, contribution levels dropped ever-so-slightly and withdrawals inched up just a smidge, the Investment Co. Institute said in its latest report.
The report, based on trends in 25 million participant accounts at employer-based defined contribution plans from January through September 2014, offered mostly good news, though not the sort to cause champagne corks to pop.
For starters, the percentage of participants with outstanding loans, 18 percent, was down a tad from where it was for year-end 2013, when it was 18.2 percent. The less-good news: compared with year-end 2008, when just 15.3 percent had such loans, it's still up considerably.
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