The average account balance in small-business retirement savings plans increased 20 percent since 2007 and jumped an average of 64 percent over 2008, when balances were at their lowest point.
Fidelity Investments came up with those figures after analyzing six years of data for more than 200,000 small-business accounts with the firm. These plans usually have fewer than 10 employees.
Fidelity found that even during the economic downturn, small-business owners and their employees continued to increase their contribution rates.
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