21 – This is the average number of investment funds offered in 401(k) and profit-sharing plans in 2020
Source: Plan Sponsor Council of America, 2021
Created in 1996, National 401(k) Day has historically been celebrated on the Friday following Labor Day to shine a spotlight on this important employee benefit. Since the late 1990s, plans have evolved substantially, and most participants can now choose from a diverse variety of investments. The chart below shows how 401(k) and profit-sharing funds were invested in 2020.
Source: Plan Sponsor Council of America, 2021
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