average 401k contribution statistics

401(k) Contribution Statistics


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401(k) Contribution Statistics Data
Total value of assets held in 401(k) plans $4.5 Trillion
Percent of all retirement assets held in 401(k) plans 18 %
Total number of 401(k) participants 52,500,000
Total number of 401(k) plans 515,000
Percent of full time workers who have employee-sponsored 401(k) plan 78 %
Percent of workers who who participate in their available 401(k) plan 81.5 %
Average percent of salary contributed to a 401(k) 6.8 %
Percent of 401(k) plan assets held in mutual funds 64 %
Industries that match the highest percent of 401(k) contributions Percent Match
Credit intermediation firms 5 %
Protective service workers 5 %
Managers 4 %
West coast employees 4 %
Insurance carriers 3.9 %
Trade, transportation, and utilities workers 3.5 %
Companies with 500+ employees 3.5 %
Average employer 401(k) matching 3 %
Average 401(k) Account Balance by Age
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Average 401(k) Account Balance by Age
Age Low End High 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 Assets Total 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: August 1, 2016

401(k) Contribution Statistics

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