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  2. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    A 401(k) plan may have a provision in its plan documents to close the account of former employees who have low account balances. Almost 90% of 401(k) plans have such a provision. [30] As of March 2005, a 401(k) plan may require the closing of a former employee's account if and only if the former employee's account has less than $1,000 of vested ...

  3. Individual retirement account - Wikipedia

    en.wikipedia.org/wiki/Individual_retirement_account

    Average and median balances increased with age, reaching a maximum in the 65–69 age group, before leveling off for 70 and over. Rollovers overwhelm contributions – the overwhelming majority of IRA contributions, in dollar terms, were from rollovers, rather than new contributions – over 10 times as much is added to IRAs from rollovers than ...

  4. Thrift Savings Plan - Wikipedia

    en.wikipedia.org/wiki/Thrift_Savings_Plan

    The Thrift Savings Plan (TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services.As of December 31, 2020, TSP has approximately 6.2 million participants (of which approximately 3.8 million are actively participating through payroll deductions), and more than $735.2 billion in assets under management; it is the ...

  5. Pensions crisis - Wikipedia

    en.wikipedia.org/wiki/Pensions_crisis

    The average 401(k) balance reached a record $89,300 in the fourth quarter of 2013, a 15.5% increase over 2012 and almost double the low of $46,200 set in 2009 (which was affected by the Great Recession). The average balance for persons 55 and older was $165,200.

  6. Superannuation in Australia - Wikipedia

    en.wikipedia.org/wiki/Superannuation_in_Australia

    Australian resident citizens over 67 years of age are entitled to an Age Pension if their income and assets are below specified levels. The full pension, as at 2014, was $766 every two weeks for singles and $577.40 each for couples. This reduced by 50% of any income over $160 every two weeks for singles or $284 for couples.

  7. United States federal budget - Wikipedia

    en.wikipedia.org/wiki/United_States_federal_budget

    Outlays fell from 20.7% GDP in 2017 to 20.3% GDP in 2018, equal to the 50-year average. The 2018 deficit was an estimated 3.9% of GDP, up from 3.5% GDP in 2017. CBO reported that corporate income tax receipts fell by $92 billion or 31% in 2018, falling from 1.5% GDP to 1.0% GDP, approximately half the 50-year average.

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