Hewitt Says 401(k) Balances Remain 11% Lower Than in 2007

April 22, 2010  |  

(Bloomberg) —  Average account balances of 401(k) retirement plans remain 11 percent lower than 2007, according to Hewitt Associates, a human-resources consulting firm.

Participants in the employer-sponsored plans had account balances of $70,970 in 2009, down from $79,570 in 2007, according to a report released today that surveyed almost 3 million employees.

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