Consistent saving can lead to higher 401(k) balances, study finds

A new study from the Investment Company Institute and the Employee Benefit Research Institute found 401(k) savers who consistently contributed between 2010 and 2019 accumulated higher-than-average balances. At the end of 2019, 335 contributors had more than $200,000 in their accounts and 20% had between $100,000 and $200,000. In the broader database, 11% had more than $200,000 and 9% had $100,000–$200,000. For consistent savers, the growth rate generally exceeded the rate for all participants. The study included 1.3 million participants.