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12/20/2016

PSCA Releases Results of 59th Annual Survey of Profit Sharing and 401(k) Plans

December, 2016

Employee Participation and Deferral Rates See Steady Increase; Participation up Five Percent Since 2010  

Other Highlights:

  • Nearly 90 percent of employees are eligible to participate in their employer’s plan
  • Average percentage of eligible employees who participate in their plan is 87.6 percent
  • Company contributions average 4.7 percent of gross annual pay
  • Allocation to target-date funds increased to nearly 20 percent of assets
  • Roth 401(k)s are now allowed by 60 percent of plans
  • Automatic enrollment is offered in 57.5 percent of plans
  • More than half of plans that use Automatic Enrollment offer a default deferral rate higher than 3 percent of pay

Click here for the full press release.