IRA contributions for 2011 were nearly 15% higher than contributions for 2007, according to Fidelity. Moreover, investors have consistently preferred Roth IRAs for the last several years. Fidelity, with almost $700 billion in IRA assets under administration, claims the No. 1 spot among IRA providers.

Average IRA contributions for 2011 were $3,930, up from $3,420 four years earlier. Every age group posted increases over 12%, with the largest increases coming from the 40-49 and the 70+ age groups.

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access