Wealth gap in 401(k) plans.

Company 401(k) plans are the savings vehicle of choice for most Americans in preparation for their golden years. However, there are still significant discrepancies in such retirement plans across racial and ethnic groups, reports the latest survey findings from Ariel Investments and Hewitt Associates. Lower participation rates have led to smaller account balances for African American and Hispanic workers, who are also more likely to borrow money from their retirement accounts.

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EDITED BY CAROLYN M. BROWN

BROWN@BLACKENTERPRISE.COM

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Title Annotation:	Talking Points: What You Need To Know
Author:	Brown, Carolyn M.
Publication:	Black Enterprise
Article Type:	Brief article
Geographic Code:	1USA
Date:	Oct 1, 2009
Words:	84
Previous Article:	Correction.(Correction notice)
Next Article:	Black men are living longer.(Talking Points: What You Need To Know)(Brief article)
Topics:	401K plans Demographic aspects African Americans Demographic aspects Finance Individual retirement accounts Demographic aspects Salary reduction savings plans Demographic aspects

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