How America Saves 2024

Millions of people. Millions of goals. One report.

The current state of defined contribution plans in America

The comprehensive plan data in How America Saves 2024 puts the trends of the retirement industry right at your fingertips—so you can stay current, create stronger plans, and provide better participant outcomes. 

How does your plan stack up?

Industry participation rates 

Which plans had the highest participation rates in 2023? With this interactive chart, you can see how 401(k) plan participation rates across 16 industries compared with the Vanguard benchmark. To learn how your plan compared in your industry, select plan weighted (the average participant rate among a group of plans) or participant weighted (average of all eligible employees as if they were in a single plan). Then select your plan size (by number of participants). 

Industry benchmark reports

Industry-specific benchmark reports for stronger plan design
Plan design is vital to the success of your participants. And finding the right balance of plan features isn’t always easy. That’s where we come in. In these reports, you’ll find data that shows how your 401(k) plan compared with others in your industry in 2023. With this data and our expertise, we can help you create stronger and more competitive plans for your participants.
Reports by industry

Key stats you should know! 

Things to keep in mind as you review your plan. In 2023:
77% of plans with more than 1,000 participants featured automatic enrollment. 
80% of plans with more than 5,000 participants had a managed account service. 
96% of participants did not take a hardship withdrawal despite tough economic conditions.
How America Saves is Vanguard’s pioneering data-based thought leadership. But our thought leadership casts a wide net beyond How America Saves.


  • All investing is subject to risk, including the possible loss of the money you invest.