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AnalysisRetirementThe WrapThe Momentum

Auto-enrollment or auto-escalation plans average $170,000 in balances, Bank of America says

Vestwell's own 401(k) and 403(b) account holders averaged a 6.4% deferral in 2023, while 62% of surveyed employees say they should save 10% or more.

At a glance

  1. Bank of America's Participant Pulse research put the average 401(k) balance at $113,590, up 13% in 2025.
  2. A balance gap between design categories is not on its own evidence that the features caused it.
  3. Vestwell's survey found 85% of employees expect their employer to offer retirement benefits and 62% say they should defer 10% or more of their salary.

Plans offering auto-enrollment or auto-escalation averaged $170,000, $50,000 above plans with neither feature, according to Bank of America's Participant Pulse research.

Bank of America's Participant Pulse research put the average 401(k) balance at $113,590, up 13% in 2025. That places the neither-feature group at about $120,000, and both design cohorts sit above the overall average.

A balance gap between design categories is not on its own evidence that the features caused it. Plans that adopt auto-enrollment or auto-escalation may differ from those that do not in employer size, workforce pay or tenure, and the reported figures do not separate those effects.

Vestwell's survey found 85% of employees expect their employer to offer retirement benefits and 62% say they should defer 10% or more of their salary.

Vestwell's own recordkept 401(k) and 403(b) account holders averaged a 6.4% deferral in 2023. The two figures measure different populations, so the gap is between stated expectations and plan settings rather than a change in one group.

Reported by The Wrap desk from Vestwell survey and recordkept plan data, Bank of America Participant Pulse and WTW worker financial wellbeing study. Published . Corrections

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