401k balances have hit their highest levels in seven years, with - TopicsExpress

401k balances have hit their highest levels in seven years, with the average person in the study having put away around $81,000 towards their retirement. The participation rate in these plans has also steadily risen, with 78% of workers now contributing to their plans. The increase in participation is largely attributed to employers automatically enrolling their workers in matching 401k plans, rather than forcing them to opt-in from the outset of their careers.

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