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Stock impact report

You're Considered A 'Super Saver' If You Put Away This Much Of Your Income [Yahoo! Finance]

T. Rowe Price Group, Inc. (TROW) 
Last t. rowe price group, inc. earnings: 4/28 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: trow.client.shareholder.com
Company Research Source: Yahoo! Finance
If you put away more than 10% of your paycheck into a retirement plan like the 401(k), you may now be considered a "super saver," according to a 2024 Transamerica Retirement Survey of Workers. Per the survey, 44% of workers who participate in a 401(k) or a similar workplace plan cleared that mark, with 29% putting away more than 15% of their pay. Just as importantly, the median salary deferral rate among plan participants was 10%, which means the super-saver line starts just above what many workers are already aiming for. Crucially, the survey shows that 91% of workers offered a workplace plan are saving for retirement, versus 51% of those without one. Therefore, access to an employer 401(k) also plays a big role in whether or not people are saving at all. A Fidelity report helps put the 10% super-saver benchmark in perspective. It reveals that the total average 401(k) savings rate was 14.1% in the fourth quarter of 2024, with 9.4% coming from employee and 4.7% from employer contri Show less Read more
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