man pushing golden egg up hill Fidelity examined the accounts of 1.64 millionindividuals who invested in the same 401(k) plan over the past 10years. (Photo: Shutterstock)

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(Bloomberg) –Investors who've had 401(k) accounts at Fidelity for a decade sawtheir average balance increase sixfold to almost $300,000 since themarket bottomed after the global financial crisis, the companysaid.

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Workers saving for retirement saw their 401(k)balances crater in the 2008-to-2009 market meltdown. Ten years ago,in the first quarter of 2009, investors had an average accountbalance of $52,600, according to a report Thursday by theBoston-based firm.

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In March of that year, the S&P 500 index hit a low. It hasmore than quadrupled in value since.

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Fidelity examined the accounts of 1.64 million individuals whoinvested in the same 401(k) plan over the past 10 years and foundthat the average balance reached $297,700 as of March 31.

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Baby boomers — many of whom have alreadyreached retirement age — had saved an average of $357,200 as of thefirst quarter, while accounts of millennial savers averaged$129,800. Gen X investors saw average accounts rise to $268,900from $37,000.

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Across a wider universe of 30 million retirement accountstracked by Fidelity, including those of employees who've only beenin the workforce a short time, the average 401(k) totaled $103,700in the first quarter.

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The number of people with more than $1 million in their accountalso increased last quarter to 180,000, from 133,800 at the end ofthe fourth quarter, according to Fidelity, which is one of thebiggest administrators of employer-sponsored 401(k) plans in theU.S.

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