Tag: 401(k) Balances Increased Very Little in the Last 10 Years
Every year, Vanguard puts out a comprehensive report “How America Saves” that summarizes the statistics for the defined contribution plans that the company administers. Vanguard tends to administer larger plans, so the plans are better designed than average and participants have higher incomes. In other words, it presents the best face of the 401(k) system…