401(k) statistical update

In the March 2013 edition of Benefits Selling they reported a host of interesting data:

34% of assets are in Fixed Income, Stable Value or money market accounts, with the rest in stock holdings.

Newly Hired Participants in their 20’s are not 51% in balanced/Target-Date Funds.

The average Account balance for the 24 million participants has risen from $43,215 in 2001 to $58,991 in 2011.  This is a reduction from 2007 (no surprise here) from $65,454.

Disturbingly, 26% of participants in their 50’s and 60’s have balances of less than $10,000.

21% of all participants who could take a loan, have a loan outstanding.