Employees, Employers Have More Time to Contribute to Benefit Plans
However, excess deferrals made by participants in 2019 must still be paid to participants by April 15.
However, excess deferrals made by participants in 2019 must still be paid to participants by April 15.
In the past 10 years, the average 401(k) balance has grown 87%, from $56,900 in the third quarter of 2008, Fidelity Investments reports.
More than one-quarter of organizations have or are planning or considering increasing 401(k) contributions, Willis Towers Watson finds.