Highest Average 401k Balance Ever

Highest Average 401k Balance Ever Photo (cc) by 401(K) 2012

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.

Popular Articles

These 6 Lifestyle Changes Might Help Prevent Dementia
These 6 Lifestyle Changes Might Help Prevent Dementia

Science says these practices can lower the risk of cognitive decline as we age.

10 Food Staples That Are Easy and Cheap to Make Yourself
10 Food Staples That Are Easy and Cheap to Make Yourself

Making any of these key foods yourself will improve your meals and your budget — not to mention your health, in some cases.

12 ‘Disposable’ Items You Should Reuse Rather Than Throw Away
12 ‘Disposable’ Items You Should Reuse Rather Than Throw Away

Are you throwing away money? Before tossing these items that are considered disposable, consider how to give them new purpose.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Trending Stories

Comments