2025 Workplace Plan Participant Surveys

401(k) and stock 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.

View findings Read press release

Key findings

Three-quarters of stock plan participants say equity compensation is very important, and nearly half consider it a “must-have” benefit when evaluating a new job.
Half view equity compensation as a critical tool to help achieve their retirement goals, and 72% feel very likely to reach those goals. Many also say it helps them build/increase wealth (38%), learn more about investing (37%), alleviate financial stress (32%), and boost employee morale (32%).
One in three participants report selling or exercising equity awards to pay for immediate financial needs (32%), diversify their portfolio (29%), or accomplish routine planning goals (29%).
Participants who work with an advisor are more likely to know how equity compensation fits into their portfolios, know how to exercise or sell their equity, know how to assess its dollar value, and understand tax implications.

View findings Read press release

Grandparent teaching grandson how to use a scooter

About the survey

Logica Research conducted online surveys between April 30 and May 17, 2025, on U.S. employees aged 21-70, employed by companies with at least 25 people, regarding their 401(k) and/or equity compensation participation, with data being self-reported and unverified. The first survey included 1,000 401(k) participants and an additional 100 Gen Z participants from providers across the country, while the second surveyed 420 participants in equity compensation or stock purchase programs.

Media Contact: Mike Peterson