Participation in and Contributions to 401(k) Pension Plans - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Participation in and Contributions to 401(k) Pension Plans write by Leslie E. Papke. This book was released on 1992. Participation in and Contributions to 401(k) Pension Plans available in PDF, EPUB and Kindle. 401(k) plans differ from traditional employer-sponsored pension plans in that employees are permitted to make pre-tax contributions and the employer may match pan of the contribution. Since participation in these plans is voluntary, the sensitivity of participation and contributions to plan characteristics - notably the employer matching rate -- will play a critical role in retirement saving. Using plan level data from Form 5500s filed annually with the Internal Revenue Service, I find that there is potential for expanding retirement saving through 401(k) plans although there is evidence that the Tax Reform Act of 1986 reduced their attractiveness. Annual employee contributions were reduced by about 4 percent compared to the prior year after controlling for employer match rates. A simple model of employee contributions predicts that participation should increase with the match rate, and that, under reasonable assumptions, contributions will increase as well, but can eventually fall at higher match rates. I find evidence of both these effects. A .05 increase in the matching rate is associated with one to five percent increase in employee contributions.
Participation in and Contributions to 401(k) Pension Plans
Participation in and Contributions to 401(k) Pension Plans - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Participation in and Contributions to 401(k) Pension Plans write by Leslie E. Papke. This book was released on 1995. Participation in and Contributions to 401(k) Pension Plans available in PDF, EPUB and Kindle. 401(k) plans differ from traditional employer-sponsored pension plans in that employees are permitted to make pre-tax contributions and the employer may match pan of the contribution. Since participation in these plans is voluntary, the sensitivity of participation and contributions to plan characteristics - notably the employer matching rate -- will play a critical role in retirement saving. Using plan level data from Form 5500s filed annually with the Internal Revenue Service, I find that there is potential for expanding retirement saving through 401(k) plans although there is evidence that the Tax Reform Act of 1986 reduced their attractiveness. Annual employee contributions were reduced by about 4 percent compared to the prior year after controlling for employer match rates. A simple model of employee contributions predicts that participation should increase with the match rate, and that, under reasonable assumptions, contributions will increase as well, but can eventually fall at higher match rates. I find evidence of both these effects. A .05 increase in the matching rate is associated with one to five percent increase in employee contributions.
401(k) Pension Plans
401(k) Pension Plans - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook 401(k) Pension Plans write by United States. General Accounting Office. This book was released on 1997. 401(k) Pension Plans available in PDF, EPUB and Kindle.
401(k) Pension Plans
401(k) Pension Plans - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook 401(k) Pension Plans write by United States. General Accounting Office. This book was released on 1997. 401(k) Pension Plans available in PDF, EPUB and Kindle.
How Workers Use 401(K) Plans
How Workers Use 401(K) Plans - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook How Workers Use 401(K) Plans write by William F. Bassett. This book was released on 1998. How Workers Use 401(K) Plans available in PDF, EPUB and Kindle. "This paper examines how workers use 401(k) plans by examining their participation, contribution, and withdrawal decisions. Sixty-five percent of eligible workers participate in 401(k) plans. Employee participation rises with income, age, job tenure, and education. While participation also rises if the employer matches contributions, 401(k) participation does not grow with the rate of matching. When pension plan assets are withdrawn in lump-sum distributions before retirement, just 28 percent of distribution recipients (representing 56 percent of distribution assets) roll over the withdrawn funds into tax-qualified savings plans. Our findings suggest that many workers, particularly those with low incomes, do not use 401(k) plans to save for retirement"--Abstract
