They might not be saving enough, but defined contribution plan participants have stuck to making their 401(k) contributions at a slightly better rate than they did in 2014.
According to data from the Investment Company Institute's study "Defined Contribution Plan Participants' Activities, First Three Quarters of 2015," only 2.5 percent of DC plan participants stopped contributing to their plans. That's down from 2.7 percent in the first three quarters of 2014.
In addition, DC plan withdrawal activity stayed low, in line with the first three quarters of 2014. Only 2.9 percent of DC plan participants took withdrawals in the first three quarters of 2015, compared with 3.1 percent during the first three quarters of 2014. Just 1.3 percent of DC plan participants took hardship withdrawals during the first three quarters of the year; that too is similar to the percentage of participants who did so a year earlier.
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