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Millionaires’ balances helped to buoy Fidelity 401(k) balances overall, with the average balance in all Fidelity 401(k) accounts rising to $105,200 at the end of Q3. (Photo: Shutterstock)

The number of Fidelity’s IRA and 401(k) millionaires has risen for the third straight quarter, and a report in Investor’s Business Daily says that they also “hit record levels for the second quarter in a row, in each type of account.”

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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