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Vanguard 401k Balance

Vanguard provides 401k retirement plans to over 3 million participants.  Each year they look at the plans and particpants and provide a detailed report.  It's a 84 page document that has a lot of interesting info...Here's a look at the Vanguard 401k balances:

In 2009, the average account balance for Vanguard participants was $69,084; the median balance was $23,140.  The wide divergence between the median and the average balance is due to a small number of very large accounts that significantly raises the average above the median.

As a result of rising markets, median account balances for Vanguard participants grew by 33% in 2009,
compared with a decline of 31% in 2008.  However, account balances remain below 2006 levels.

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Posted on Saturday, July 24 by Registered CommenterWise Owl in , | Comments Off