Created in 1996, National 401(k) Day has historically been celebrated on the Friday following Labor Day to shine a spotlight on this important employee benefit. Since the late 1990s, plans have evolved substantially, and most participants can now choose from a diverse variety of investments. The chart below shows how 401(k) and profit-sharing funds were invested in 2020.
Total Plan Assets by Fund Type in 2022
|Actively managed equity||20.8%|
|Indexed domestic bond||5%|
|Actively managed domestic bond||4.1%|
|Self-directed brokerage window||2.3%|