BOSTON (AP) — Employee 401(k) accounts grew more than 4 percent in the third quarter as a rising stock market boosted investment returns, and contributions from workers and their employers increased.
Fidelity Investments, the nation's largest 401(k) administrator, said Thursday that the average balance of $75,900 at the end of the quarter was the highest since it began tracking the data in 2000.
Three months earlier, the average account balance among the 12 million accounts that Fidelity administers was $72,800.
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