Boosting Monthly Savings by $33 Could Add $330 to Retirement Paycheck
In its quarterly 401(k) report, Fidelity says younger workers who boost savings by 1% can meaningfully impact their monthly paycheck at retirement.
Fidelity 401(k) Balances Hit Record High
The average account stood at $80,900 at the end of the first quarter.
401(k)s Making Headway
Fidelity Investments said in early May that the average 401(k) balance rose to $74,600 at the end of the first quarter
Fidelity: 62% Rebound in 401(k) Balances Since 2009
Fidelity reported its average 401(k) balance rose to $74,600 at the end of the first quarter, up 8% from the end of the fourth quarter of 2011.
Investors With Dual Retirement Plans Outpace Balances in Pure IRAs, 401(k)s
The average balance for an American with both an IRA and a 401(k) is over $200,000, Fidelity Investments found in a survey released Wednesday.
Average 401(k) Contribution Increased in 2011: Fidelity
The average employee contribution to a 401(k) plan rose slightly in 2011, Fidelity Investments reported Thursday.
Pension Act Dramatically Increases Retirement Plan Participation: Fidelity Analysis
In the five years since the Pension Protection Act was passed, the use of automatic enrollment in retirement plans has increased from 16% of participants to over 50%, Fidelity found in an analysis of the firm’s retirement plans.