The first half of the year treated retirement savers well.
The average 401(k) account balance with Fidelity Investments grew 10.5% in the second quarter from the end of March, a gain of 13.1% from a year earlier. Individual retirement account (IRA) balances jumped 10%, and 403(b) accounts gained nearly 12%.
Across all accounts, these were record highs, with 401(k) balances posting their strongest quarterly growth since December 2020, according to a new report.
Fidelity's average 401(k) balance was $155,800 at the end of June. That's a big shift from the first quarter report, when the average balance had fallen by 4% from the start of the year to $141,000.
The average IRA climbed to $144,523 from $131,400 at the end of March.
#quarter #balances #accounts
The average 401(k) account balance with Fidelity Investments grew 10.5% in the second quarter from the end of March, a gain of 13.1% from a year earlier. Individual retirement account (IRA) balances jumped 10%, and 403(b) accounts gained nearly 12%.
Across all accounts, these were record highs, with 401(k) balances posting their strongest quarterly growth since December 2020, according to a new report.
Fidelity's average 401(k) balance was $155,800 at the end of June. That's a big shift from the first quarter report, when the average balance had fallen by 4% from the start of the year to $141,000.
The average IRA climbed to $144,523 from $131,400 at the end of March.
#quarter #balances #accounts
5 days ago
