Here’s the latest I can share based on recent public updates.
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T. Rowe Price released a 401(k) benchmarking report noting that average loan sizes in 2024 grew about 4%, outpacing inflation. The finding highlights ongoing concerns about emergency savings and the importance of financial wellness programs for retirement savers. This was reported by multiple outlets in April 2025. [cite ]
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The same period also stressed that a substantial share of participants struggle to cover six months of expenses, underscoring the need for stronger emergency savings initiatives within plans. [cite ]
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In related coverage, analyses point to ongoing attention on plan design, participant behavior, and the role of employer-provided financial wellness tools in supporting retirement readiness. [cite ]
What I can help with next:
- Summarize the key takeaways from T. Rowe Price’s 401(k) benchmarking reports (year-by-year trends, what’s changed since 2023, and implications for participants and sponsors).
- Find the most recent official T. Rowe Price press releases or the Retirement Plan Services newsroom for precise figures and quotes.
- Compare 2024 findings to earlier years (e.g., 2022–2023) to show trends in loan utilization, account balances, and Roth uptake.
Would you like a concise 1-page summary of the 2024 loan-size and emergency-savings findings, or a side-by-side comparison with prior years?
Sources
BALTIMORE, April 16, 2025 /PRNewswire/ -- T. Rowe Price, a global investment management firm and leader in retirement today published its annual benchmarking report on 401(k) plan design and participant behavior, and found the average loan size grew by 4%, slightly higher than inflation in 2024. Participants across all age groups saw increases in average loan size, including those closer to retirement age, suggesting that financial wellness challenges are not felt solely by younger age groups....
www.morningstar.comFollow T. Rowe Price Group (TROW) news on product launches, retirement tools, partnerships, private credit activity, and research-driven market insights.
www.stocktitan.netStay informed with T. Rowe Price News. Read the latest articles and insights on investments, funds, and market trends all in one place.
401kspecialistmag.com/PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today released Reference Point, its annual benchmarking report...
www.prnewswire.com/PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today published its annual benchmarking report on 401(k) plan...
www.prnewswire.comThe average 401(k) loan size increased by 4% in 2024, outpacing inflation rates, as reported by T. Rowe Price (TROW). 64% of T. Rowe Price 401(k) partic
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