(Photo: Shuttestock)
The average 401(k) balance in workplace retirement plans for which Fidelity is the recordkeeper hit an all-time high in the last quarter of 2019, at $112,300.
That marked a 7 percent increase from the third quarter of last year, and a 17 percent increase from the end of 2018.
And it's nearly double the average balance of $62,600 at the end of 2009, when retirement savers were still reeling from the retirement crisis and beginning to recover from 2008's pillage.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
