401(k) Participation and Savings:
How 401(k) plan metrics compare across industries
 
 

While every business is unique, looking at industries as a whole can provide insights about the 401(k) features offered by employers, along with the participation and savings behaviors of employees. We’ve gathered and combined data across some of the industries that Fisher Investments serves to present these insights.

 
 
All Industries
Healthcare
Construction
Manufacturing
Professional Services
Average Plan Participation Rate
?

The percentage rate at which eligible employees participate in a 401(k) plan.

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75.14%
86.23%
69.56%
74.40%
75.81%
Average Savings Rate
9.22%
10.14%
9.56%
9.61%
8.64%
Plans Offering Safe Harbor
?

This plan, featuring specific levels of employer contributions, eliminates the need for most annual compliance tests.

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61.96%
95.24%
70.37%
46.43%
63.27%
Plans Offering Auto Enrollment
?

Participants are automatically enrolled in the 401(k) plan unless they opt out.

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5.98%
4.76%
3.70%
7.14%
6.12%
Participation Rate for Plans Offering Auto Enrollment
91.25%
89.36%
97.06%
87.53%
96.54%
Savings Rate for Plans Offering Auto Enrollment
6.22%
6.68%
7.22%
5.94%
5.44%
Percentage of Participants Taking Full Advantage of Match
N/A
73.91%
52.93%
67.43%
55.04%

Source: Fisher Investments 401(k) Solutions Client Data as of July 2018

 

At Fisher Investments, we pride ourselves on working closely with small and mid-sized businesses across industries to build 401(k) plans that will best serve their unique needs.

 

To learn how we can help your business, call (844) 237-9243 or contact us today.

About Fisher Investments 401k
About Us

Fisher Investments 401(k) Solutions is committed to bringing unparalleled support to small and mid-size businesses and their employees through 401(k) retirement plan services.

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Contact Us

5525 NW Fisher Creek Drive Camas, WA 98607

844-343-4015
info401k@fi.com

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