average 401k contribution statistics

401(k) Contribution Statistics

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401(k) Contribution StatisticsData
Total value of assets held in 401(k) plans$4.5 Trillion
Percent of all retirement assets held in 401(k) plans18 %
Total number of 401(k) participants52,500,000
Total number of 401(k) plans515,000
Percent of full time workers who have employee-sponsored 401(k) plan78 %
Percent of workers who who participate in their available 401(k) plan81.5 %
Average percent of salary contributed to a 401(k)6.8 %
Percent of 401(k) plan assets held in mutual funds64 %
Industries that match the highest percent of 401(k) contributionsPercent Match
Credit intermediation firms5 %
Protective service workers5 %
Managers4 %
West coast employees4 %
Insurance carriers3.9 %
Trade, transportation, and utilities workers3.5 %
Companies with 500+ employees3.5 %
Average employer 401(k) matching3 %
Average 401(k) Account Balance by Age
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Average 401(k) Account Balance by Age
AgeLow EndHigh End
23$8,000$17,500
24$25,500$38,000
25$43,000$65,000
30$130,500$200,000
35$218,000$350,000
40$305,500$550,000
45$393,000$800,000
50$480,500$1,200,000
55$568,000$1,800,000
60$655,500$2,500,000
65$743,000$3,500,000
Total 401(k) Plan AssetsTotal Value
2015$4,500,000,000,000
2012$3,500,000,000,000
2010$3,100,000,000,000
2008$2,200,000,000,000
2007$3,000,000,000,000
2004$2,200,000,000,000
1994$700,000,000,000
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Statistic Sources & References
Sources: Independent Directors Council, Center for Retirement Research, Bureau of Labor Statistics
Content Author: Statistic Brain

Date research was conducted: September 24, 2017

401(k) Contribution Statistics

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