According to new research published by the Investment Company Institute (ICI), Americans like their retirement plans. ICI’s research report “American Views on Defined Contribution Plan Saving, 2024” finds that almost 75% of Americans had favorable impressions of 401(k) and similar defined contribution (DC) plan accounts.
That’s important as Congress needs to pass tax legislation, and someone there will float the idea of eliminating the tax deferral aspect of their 401(k) plans, which most taxpayers would oppose.
