Workers at mining companies have the highest balances (an average of $237,081, compared to an overall average of $79,077), and employees of small ambulatory healthcare companies put the most money into target-date funds (62%, compared to an average of 41% overall).
The report also itemizes the savings behavior of the finance and insurance, information services, legal, manufacturing, oil and gas and technologies industries—and offers a
Other findings show that the highest participation rates are at small utility firms (92% participation rate) and large mining companies (88%). This compared with an overall participation rate of 74% for all industries.
The industry with the highest auto enrollment rate was large manufacturing companies (67%), and the industry with the lowest auto enrollment rate was small ambulatory healthcare firms (6%). The average auto enrollment rate across all of the industries that Vanguard serves was 24%.