- Will Obamacare Complicate Your Taxes? Not Likely
- Tax Hacks 2015: 6 Things Sneaky Tax Preparers Won’t Tell You
- Don’t Buy These 7 Things at a Dollar Store
- Definitely Buy These 15 Things at a Dollar Store
- Ask Stacy: Do I Need a Financial Adviser, or Can I Manage My Money Myself?
- 5 Things to Think About Before Going to Back to School After Age 50
Are people saving better for retirement? From the numbers at Fidelity Investments, the largest American 401k provider, it looks that way…
Fidelity’s analysis of its 12 million 401(k) accounts in more than 20,200 corporate defined contribution plans shows that average annual employee contributions grew 7.3 percent over the past five years to $5,900 at the end of the third quarter, up from $5,500 ending the third quarter 2007. Meanwhile, average annual employer contributions – sometimes called a company match4 – rose to $3,420 at the end of the third quarter, up 19.0 percent since the third quarter 2007 when it was $2,880.
The average is now $75,900. A year ago it was $64,300.