As reported by The Motley Fool, according to Vanguard’s analysis of ~5 million retirement accounts in 2021 the average 401K balance in 2020 was $129,157. Investopedia reports the average company match is 4.3% of the worker’s pay, so the vast majority of assets in a 401K is contributed by the worker (wage income). The funds…
Many thanks to NCEO and ESCA for this research! Summary of Findings: Overall, we find measurable evidence of this resiliency in greater financial security for employees heading into and during the pandemic, and job retention at the firm level compared to comparable conventional firms. Before the pandemic, the average ESOP account balance at an S…