The total savings rates in both 401(k)s and 403(b)s set records in the first quarter of 2026, according to Fidelity Investments' most recent quarterly analysis.
Individual retirement account contributions also recorded top results in the first quarter, the analysis found.
While average account balances dipped slightly quarter over quarter during a period of market volatility, the longer-term trend is more optimistic. Average 401(k), 403(b) and IRA balances increased year over year.
"Retirement savers started the year strong with record-high savings rates and contributions, reflecting the long-term approach they're taking with retirement preparedness," Sharon Brovelli, president of workplace investing at Fidelity Investments, said in a statement.
"While it can be tempting to make changes to retirement savings during market volatility, it is positive to see participants stay the course with their contributions — an approach that will ultimately strengthen outcomes as retirement nears."
Fidelity's quarterly analysis also includes findings from the firm's recent stock plan participant research, which highlights the importance of equity compensation as an employee benefit.
For many employees, the study found, equity compensation is a gateway to investing, a source of financial security and a reason to stay with their employer.
See the accompanying gallery for 10 statistics from Fidelity's first-quarter retirement analysis.
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