In 2018, before the marketturmoil, estimates from Fidelity suggested that about a millionpeople had more than $1 million in their 401(k) accounts; about 18percent of those accounts were Fidelity clients. (Photo:Shutterstock)

(Bloomberg Opinion) — Fidelity Investments' quarterly data dumparrived last week, featuring loads of information about itsretirement-account holders. It was eye-opening,to say the least.

Recall last summer when we noted therewas about $1 trillion in 401(k) and other retirement accounts.**

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