401(k) Insights: 10 Stats You Should Know
68% – Participation rate in DC plans
13.8% – Average total savings rate for a DC plan (employee and employer)
56% – Plans that adopted automatic enrollment
93%/66% – Participation rates for plans with vs. without automatic enrollment
6% – Average participant salary-deferral rate for plans using automatic enrollment
77% – Plans that offer a Roth option
15% – Employees that contribute to a Roth option
30% – Plan participants that aren’t maximizing their employer’s match
16.2 – Average number of funds offered by plans
2.3 – Average number of funds used by participants
Source: Hartford Funds
