two men in business suits happily shaking hands (Photo: Shutterstock)

Retirement account balances continue to grow and average contributions are increasing, according to the latest quarterly analysis from Fidelity Investments. Among the second-quarter highlights:

Retirement accounts see modest growth, reach record levels for the third consecutive quarter. The average IRA balance was $134,900, a 4 percent increase from last quarter and a 21 percent increase from the second quarter of 2020. The average 401(k) balance rose to $129,300, a 4 percent increase from the first quarter and up 24 percent from a year ago.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.