401(k) Participation and Deferral Rates

401k.org PSCA: The Profit Sharing and 401(k) Advocate

401(k) Savings Rates
Source: PSCA's 49th Annual Survey of Profit Sharing and 401(k) Plans

Percentage of pay saved
The average 401(k) participant saved between 5% and 7% of their salary pre-tax in their 401(k) plan.

Percentage of people participating
77.7% of workers eligible to participate in a 401(k) plan have chosen to participate.

Company contributions
96% of 401(k) plans surveyed provide some form of company contribution. The most common type of company matching contribution is $.50 on the dollar, up to the first 6% contributed by the employee.

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