Average 401(k) account balances nearly double since crisis
ICI chief Stevens says assumption that 401(k) plans aren't working is wrong.
The average 401(k) account balance was $94,482 at the end of 2011, the most recent figures available, up from $49,932 at the end of 2008, Paul Schott Stevens, president and CEO of the Investment Company Institute, said Wednesday at a news briefing in Chicago.
The average balance was $76,534 in 2007
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