The Growth of 401(k) Plans
Chart of companies with 401K plans.
Businesses with fewer than 250 employees now represent the fastest-growing market segment. Their biggest hassle? Record keeping.
|Percentage of Companies That Had 401(k) Plans||1990||1988||1984|
|Companies with 250 employees or fewer||46%||36%||8%|
|251 - 1,000 employees||63||54||17|
|More than 1,000 employees||76||66||62|
Source: Massachusetts Mutual Life Insurance Co., Springfield, Mass., 1991.