Filed Under:Markets, Employee Benefits

Retirement account balances rise in tandem with economic gains

Average account balances reached a record high of more than $95,000 in 2013, up from $85,600 in 2012.
Average account balances reached a record high of more than $95,000 in 2013, up from $85,600 in 2012.

Improved performance of the U.S. economy during the year past has prompted renewed interest in retirement savings, according to Deloitte’s 13th Annual Defined Contribution Benchmarking Survey.

Based on research conducted last year, the report finds that average account balances reached a record high of more than $95,000 in 2013, up from $85,600 in 2012. And an increased number of employees are participating in defined contribution (DC) plans, jumping 6 percentage points (77 percent in 2013 vs. 71 percent in 2012). 

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date

Provided by LIFEHEALTHPRO

Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.