Choi, James J.; Laibson, David I.; Madrian, Brigitte C.; … - 2004
is 79%, which is close to the 2000 national participation rate of 80% found by the Profit
Sharing/401(k) Council of … only take hardship withdrawals. The Profit Sharing/401(k) Council of America (2001) reports that 14% of
plans did not …