Abstract

http://ssrn.com/abstract=1005379
 
 

Citations (61)



 


 



401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2006


Jack VanDerhei


Employee Benefit Research Institute (EBRI)

Sarah Holden


Investment Company Institute

Craig Copeland


Employee Benefit Research Institute (EBRI)

Luis Alonso


Employee Benefit Research Institute (EBRI)


EBRI Issue Brief, No. 308, August 2007

Abstract:     
Over the past two decades, 401(k) plans have grown to be the most widespread private-sector employer-sponsored retirement plan in the United States, and now serve as the most popular defined contribution (DC) plan, representing the largest number of participants and assets. In 2006, 50 million American workers were active 401(k) plan participants. By year-end 2006, 401(k) plan assets had grown to represent 16 percent of all retirement assets, with $2.7 trillion in assets. In an ongoing collaborative effort, the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) collect annual data on millions of 401(k) plan participants as a means to accurately portray how these participants manage their accounts. This paper serves as an update of EBRI and ICI's ongoing research into 401(k) plan participants' activity through year-end 2006. The report is divided into five sections: The first describes the EBRI/ICI 401(k) database; the second focuses on changes in participant account balances over time, analyzing a group of consistent 401(k) participants; the third presents a snapshot of participant account balances at year-end 2006; the fourth looks at participants' asset allocations; and the fifth looks at participants' 401(k) loan activity.

Number of Pages in PDF File: 40

Keywords: 401(k) plans, Asset allocation, Employment-based benefits, Pension plan assets, Pension plan loans, Retirement plans, Self-directed investments

JEL Classification: D31, G11, J26

Accepted Paper Series


Download This Paper

Date posted: August 10, 2007  

Suggested Citation

VanDerhei, Jack and Holden, Sarah and Copeland, Craig and Alonso, Luis, 401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2006. EBRI Issue Brief, No. 308, August 2007. Available at SSRN: http://ssrn.com/abstract=1005379

Contact Information

Jack VanDerhei (Contact Author)
Employee Benefit Research Institute (EBRI) ( email )
1100 13th Street, NW
Suite 878
Washington, DC 20005-4204
United States
HOME PAGE: http://www.ebri.org

Sarah Holden
Investment Company Institute ( email )
1401 H Street, NW
Research Department
Washington, DC 20005
United States
(202) 326-5915 (Phone)
Craig Copeland
Employee Benefit Research Institute (EBRI) ( email )
1100 13th Street, NW
Suite 878
Washington, DC 20005-4204
United States
202-775-6356 (Phone)
202-775-6312 (Fax)

Luis Alonso
Employee Benefit Research Institute (EBRI) ( email )
1100 13th Street, NW
Suite 878
Washington, DC 20005-4204
United States
202-775-6315 (Phone)
202-775-6312 (Fax)

Feedback to SSRN


Paper statistics
Abstract Views: 1,398
Downloads: 148
Download Rank: 115,653
Citations:  61

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.265 seconds