Highest Average 401k Balance Ever

The average amount in 401k accounts at Fidelity jumped more than $10,000 in a year. How’s your retirement saving going?

Better Investing

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.

Sign up for our free newsletter

Like this article? Sign up for our newsletter and we'll send you a regular digest of our newest stories, full of money saving tips and advice, free! We'll also email you a PDF of Stacy Johnson's "205 Ways to Save Money" as soon as you've subscribed. It's full of great tips that'll help you save a ton of extra cash. It doesn't cost a dime, so why wait? Click here to sign up now.

More Money Talks News!


Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,717 more deals!