401(K) Plan Asset Allocation, Account Balances, and Loan Activity in 2004

20 Pages Posted: 28 Oct 2005

See all articles by Sarah Holden

Sarah Holden

Investment Company Institute

Jack VanDerhei

Morningstar Center for Retirement and Policy Studies

Abstract

Defined contribution (DC) plans are one of the primary means by which Americans save for retirement, and 401(k) plans are the most common type of DC plan. 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 to present an accurate portrayal of the behavior of 401(k) plan participants. This paper updates ICI and EBRI's research of 401(k) plan participant activity through year-end 2004 and includes two sections. The first section focuses on account balance information for participants who have consistently maintained accounts between 1999 and 2004. The second section provides a snapshot of all 401(k) participants at year-end 2004, reviewing their account balances, asset allocations, and loan activity.

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

Suggested Citation

Holden, Sarah and VanDerhei, Jack, 401(K) Plan Asset Allocation, Account Balances, and Loan Activity in 2004. EBRI Issue Brief, No. 285, September 2005, Available at SSRN: https://ssrn.com/abstract=838246

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

Morningstar Center for Retirement and Policy Studies ( email )

22 W Washington Street
Chicago, IL 60602
United States

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