There seemed to be some good news reported recently on employee participation in 401(k) plans. A new study from the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) indicated the average participant balance increased from $67,760 in 1999 to $121,202 at year-end 2006. Could it be employees are finally getting the message and taking control of their retirement?

Let’s not go to this conclusion so quickly. First, let’s look at the study itself. The EBRI/ICI tracked participants who held an account with the same employer during that time period. They were active participants in 1999 and they continued to be active participants at the end of 2006–with the same employer. Thus, the study looked at a group that had already established participation and had maintained continued employment with the same employer for seven more years.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.