NU Online News Service, July 24, 2003, 5:10 p.m. EDT – Families with retirement accounts such as individual retirement accounts, Keogh plans and 401(k) plans have substantially higher net worth than those without such accounts, according to the Employee Benefit Research Institute, Washington.

In a new analysis of data that EBRI originally collected in 2001, EBRI analysts report that the median wealth of families without retirement account balances was less than $25,000, compared with $193,400 for those with plans.

Average net worth was $147,571 for families without retirement accounts and $621,848 for those with retirement accounts.

Among families reporting annual incomes of more than $100,000, the median net worth was $340,000 for families without retirement accounts and $600,500 for families with retirement accounts.