Filed Under:Life Insurance, Life Planning Strategies

Few plan participants are dipping into retirement accounts

Just 2.1 percent of DC plan participants have taken withdrawals, the same pace as in the first half of 2012.
Just 2.1 percent of DC plan participants have taken withdrawals, the same pace as in the first half of 2012.

Withdrawals from defined contribution plans remained low in the first half of 2013, according to a new report.

The Investment Company Institute (ICI) discloses this finding in “Defined Contribution Plan Participants’ Activities, First Half of 2013.” The November report updates results from ICI’s survey of a cross section of recordkeeping firms representing a broad range of DC plans and covering about 24 million employer-based DC retirement plan participant accounts as of June 2013.

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Nichole Morford

Nichole Morford
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