Seventy-three percent of 3,000 people that the Investment Company Institute polled said they are confident they will be able to retire, thanks to their 401(k) savings, and 90% gave a thumbs-up on the plans, citing their tax advantages, convenient payroll deductions, choices, control and the financial discipline they instill.

Among those invested in a defined contribution plan, the confidence level rises to 79%. Another 85% said they are happy with the investment choices available in their plan.

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