Tuesday, September 17, 2013

ING Report Finds Participants in Large Companies' Plans Have Higher Average Account Balances

ING's report, "Retirement in Review: A Look at 2012 Defined Contribution Participant Experience", finds that:

"Participants in Large Private Sector plans have consistently higher balances than in other types of employers / plans; followed by participants in Higher Education plans.

Across employer types, there is a gender gap in retirement savings: Men have higher account balances than women...Women are more likely (than men) to take a hardship withdrawal; men are more likely (than women) to take a loan..."

A copy of ING's report is available here.

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