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616. 401(k) Plans--Summary

[10,339 represents 10,339,000. A 401(k) plan is a qualified retirement plan that allows participants to have a portion of their compensation (otherwise payable in cash) contributed pretax to a retirement account on their behalf]

 
ITEM 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
 
Number of plans 1 29,869 37,420 45,054 68,121 83,301 97,614 111,314 139,704 154,527 174,945 200,813 230,808
Active participants 2 (1,000) 10,339 11,559 13,131 15,203 17,337 19,548 19,126 22,404 23,138 26,206 28,061 30,843
 
Assets (bil. dol.) 144 183 215 277 357 385 440 553 616 675 864 1,062
Contributions (bil. dol.) 24 29 33 39 46 49 52 64 69 76 87 104
Benefits (bil. dol.) 16 22 22 25 31 32 33 43 44 51 62 78
 
Percentage of all private
defined contribution plans:
  Assets 34 37 41 47 52 54 53 58 58 62 65 (NA)
  Contributions 46 50 53 61 63 65 64 69 68 72 74 (NA)
  Benefits 35 35 40 43 47 51 51 58 57 62 64 (NA)


NA Not available.
1 Excludes single-participant plans.
2 May include some employees who are eligible to participate in the plan but have not elected to join. 401(k) participants may participate in one or more additional plans.

Source: Employee Benefit Research Institute, Washington, DC, EBRI Databook on Employee Benefits, Fourth Edition (copyright).

http://www.ebri.org/



https://allcountries.org/uscensus/616_401_k_plans_summary.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2006 Photius Coutsoukis and Information Technology Associates, all rights reserved.