Role of 401(k) Accumulations in Providing Future Retirement Income

27 Pages Posted: 2 Nov 2005  

Sarah Holden

Investment Company Institute

Jack VanDerhei

Employee Benefit Research Institute (EBRI)

Date Written: 2005

Abstract

Defined contribution (DC) plans are increasingly being offered as the primary employer-sponsored pension, so it is of interest to ask whether DC accumulations are likely to yield sufficient income in retirement. This chapter uses the EBRI/ICI 401(k) Accumulation Projection Model to explore alternative future scenarios for retirees having had 401(k) plans available over a full working career. We assess the impact of catch-up contributions recently permitted by legislation; saving through individual retirement accounts if the employer does not offer a 401(k) plan; and changing the retirement age.

Suggested Citation

Holden, Sarah and VanDerhei, Jack, Role of 401(k) Accumulations in Providing Future Retirement Income (2005). Pension Research Council WP2005-9. Available at SSRN: https://ssrn.com/abstract=829985 or http://dx.doi.org/10.2139/ssrn.829985

Sarah Holden (Contact Author)

Investment Company Institute ( email )

1401 H Street, NW
Research Department
Washington, DC 20005
United States
(202) 326-5915 (Phone)

Jack VanDerhei

Employee Benefit Research Institute (EBRI) ( email )

1100 13th Street, NW
Suite 878
Washington, DC 20005-4204
United States

HOME PAGE: http://www.ebri.org

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