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Fidelity: Stock gains led to record 401(k) balances in 2012

Published
  • February 21 2013, 10:56am EST

(Bloomberg) — Fidelity Investments, the largest provider of 401(k) retirement savings plans, says average balances in the employer-sponsored accounts reached a record high in 2012 as market gains boosted assets.

The average U.S. balance rose 12% from 2011 to $77,300 as of Dec. 31, 2012, according to a report this month by the Boston-based mutual-fund firm. Fidelity administers plans for about 12 million workers and has been tracking the data since 2000.

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