Benefits that boost retirement confidence

By Alyssa Place, This is my expertise
Published 5 Min Read

Man and woman sitting in front of a computer looking at paperwork
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Despite feelings of financial instability for many, employees are committed to crafting a well-funded future for themselves. 

According to data from Bank of America, 401(k) account balances increased by 16% in 2024, and more plan participants increased their contribution rates in the last quarter of the year. The average account balance was $100,300 at the end of the year, a 16% increase from 2023. 

Alyssa Place
Editor-in-chief

Alyssa Place is the editor-in-chief of Employee Benefit News and has been with the team since 2019. Her work covers mental health, DEI, women at work, financial wellness, retirement and workplace … Read full bio


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