WHO HAS A 401(k) PLAN?
Over 60 million American workers are covered by a 401k plan, or similar plans called 403b or 457b plans. 68% of 401k participants come from households making less than $100,000 in income.
HOW IMPORTANT ARE 401(k) PLANS
TO A SECURE RETIREMENT?
The single most important factor in determining if a worker is saving for retirement is whether or not there is a plan at work.
Participation Rates by Employer Plan vs
Moderate Income ($30,000–$50,000) Workers, IRA only
An Employee Benefit Research Institute analysis of the 2010 Survey of Consumer Finances shows that for families with a retirement savings account, almost two-thirds of the families total financial assets are in these accounts.
WHY WOULD CONGRESS HURT 401(k) PLANS?
Congress wants to raid your 401(k) to pay for corporate tax cuts as part of tax reform.
89% of all households oppose reducing 401k contributions.
WRITE TO CONGRESS