2025 Workplace Plan Participant Survey

401(k) plan participants reveal their knowledge, attitudes, and behaviors around investing and saving.

Key findings

One-third (34%) of participants feel very likely to achieve their savings goals, down from 43% in 2024 as inflation continues to top the list of obstacles to reaching a comfortable retirement.
Only 11% have reduced their 401(k) contributions as a result of economic conditions. Instead, most are modifying their spending by reducing the number of purchases they make (40%) and buying cheaper products (39%).
Participants have become increasingly reliant on workplace plans for retirement security in recent years. On average, they estimate that their 401(k)s will provide 45% of their retirement income. Three-quarters (74%) say they wouldn’t take a job without a 401(k).
On average, workers expect to retire at age 66 and believe they will need $1.6 million saved. They estimate their savings will last 22 years in retirement.

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About the survey

This online survey of 1,000 U.S. 401(k) plan participants and an additional 100 Gen Z plan participants was conducted by Logica Research between April 30 and May 17, 2025. Survey respondents were actively employed by companies with at least 25 employees, were 401(k) plan participants and were 21-70 years old. Survey respondents include participants served by approximately 16 different retirement plan providers. All data is self-reported by study participants and is not verified or validated.

Media Contact: Mike Peterson