BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Few 401(k) plan participants cut, end contributions: ICI survey


401(k) plan participants continued to contribute to the plans at high levels in the first half of 2011, according to a survey of record keepers from the Investment Company Institute.

According to the survey, “Defined Contribution Plan Participants' Activities, First Half, 2011,” 1.6% of plan participants stopped contributing in the first half of this year, compared to 1.7% the same period in 2010.

Only 2.1% of participants withdrew money, the same as the previous year, with 1.1% taking hardship withdrawals, compared to 0.9%.

In addition, 6.4% of plan participants changed the asset allocations of their accounts in the first half of 2011, compared to 6% during the same period the previous year.

Also according to the survey, 26% of U.S. retirement assets were in defined contribution plans.

Washington-based ICI surveyed record-keeping firms representing 24 million plan participants.

Rob Kozlowski is a reporter at Pensions & Investments, a sister publication of Business Insurance.

Read Next