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Fidelity Investments reported Wednesday that the average 401(k) account balance held with it hit a 10-year high of $71,500 at the end of 2010.
For participants who continuously contributed to their 401(k) the average balance increased to $183,100 from $59,100 a decade ago. The average contribution rate remained at 8.2% for the eighth straight quarter.
Lee Barney has been the editor of Money Management Executive since 2002 and has been writing about Wall Street since 1993. Previously, at United Medias Wall Street & Technology magazine and … Read full bio
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A Bank of America report reveals a disconnect between employers and employees on fiscal wellness, while educational programs can improve retention and engagement.
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