Record number bump up 401(k) contributions

April 30, 2015 by Nick Thornton

A record 23 percent of participants in Fidelity-provided 401(k) plans increased their contribution rates in the first quarter of 2015, according to the company’s Quarterly Retirement Snapshot.

The good news for the 13.5 million participants in Fidelity plans did not stop there. The average account balance was $91,800, up 3.6 percent from a year ago, and for those participants with at least 10 years in a plan, the average balance was $251,600, up 12 percent year-over-year.
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Originally Posted at LifeHealthPro on April 30, 2015 by Nick Thornton.