The average balance of plan participants' 401(k)s at the end of 2014 hit a record $91,300, thanks to soaring stocks and larger contributions from workers, according to Fidelity Investments.
That's up 2 percent year over year and a whopping 30 percent over the 2011 average of $69,100, Fidelty, the largest provider of 401(k) plans, said.
The average contribution to a 401(k) was also up 4 percent to $9,670, Fidelity said.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
