Market conditions improved in 2019 following volatility in late 2018, leading to lower rates for cash-out distributions and loans and increases in plan participation. Average account balances also recovered to just over $100,555 in 2019, up from $85,336 in 2018.
Plan design and improved market outlook drove positive outcomes:
Challenges remain, presenting opportunities for plan sponsors:
About the Report
Unless otherwise noted, all data included in this report are drawn from the following sources: Data are based on the large-market, full-service universe—T. Rowe Price total—of T. Rowe Price Retirement Plan Services, Inc., retirement plans (401(k) and 457 plans), consisting of 677 plans and over 1.9 million participants.
For more information on this report or where you can get additional industry-specific data to support your plan design discussions, please contact your T. Rowe Price representative.
This material is provided for general and educational purposes only and is not intended to provide legal, tax, or investment advice. This material does not provide fiduciary recommendations concerning investments, nor is it intended to serve as the primary basis for investment decision-making.
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