Since March 2009, when the S&P 500 plummeted to a 12-year low, 401(k) account balances have surged more than 55 percent to hit at $71,600 on average by the end of the first quarter 2010.

According to new data from Fidelity Investments, participants that stayed the course over the past 12 months of market recovery saw positive momentum for their account growth and performance.

Contribution growth also climbed, with 7.5 percent of participants increasing their contributions, while a smaller 3.5 percent decreased their contributions during the first quarter. Over the past year, average account balances rose 41 percent to $66,900 by the end of first quarter of 2010 and personal rates of return were a positive 42 percent.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.