The Humble 401(k) Plays Outsized Role for Many

Jun 12, 2019 - Plan Sponsor

A new survey of 1,000 plan participants published by Schwab Retirement Plan Services underscores the outsized role of the 401(k) plan in Americans’ financial lives, with a majority (58%) saying it is their only or largest source of retirement savings.  

According to Steve Anderson, president of Schwab Retirement Plan Services, those surveyed seem to have a realistic target for retirement, but many likely aren’t on track to get where they want to go. Too many overlook the potential be...