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A Look Back at the Clinton Years: IRS and DOL Actions Helped Spur 401(k) Growth
Thompson Publishing Group 
Feb. 6, 2001
Excerpt: In the 1990s, a series of favorable government actions at a time of robust economic growth made 401(k) plans flourish. The percentage of families with 401(k) accounts doubled, from 32 percent in 1992 to more than 65 percent in 1998. In 1996, the U.S. Department of Labor (DOL) counted 226,000 401(k)-type plans covering almost 35 million participants.
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