Browsing Tag
401(k) Account Balances
63 posts
A 401(k) account balance is the total value of funds accumulated in an individual’s employer-sponsored retirement plan. It includes employee contributions, employer matches, and investment gains or losses. The balance reflects the current market value of all assets held in the account, such as stocks, bonds, or mutual funds, and represents the amount available for future retirement income.
401(k) Account Balances Reach Record Levels
The analysis by Fidelity Investments finds that balances increased across 401(k), IRA, and 403(b) accounts
401(k) Account Balances See Marginal Increase in Q1
The increase in balances is linked to a slight uptick in 401(k) participant contributions, says BoFA
These Professions Have Best 401(k) Plans
Not surprisingly, high-earning industries tend to have top-performing plans finds just-released benchmarking report
401(k) Balances Rise 14% in 2023, but Participation Rate Falls
T. Rowe Price’s annual benchmarking report also shows young participants grew their balances by 27% last year
Access to 401(k)s Surges Past 70 Million in 2023: Capitalize
New Capitalize 401(k) Statistics Tracker finds 6 in 10 U.S. workers now have access to a 401(k) at work
Self-Directed 401(k) Investors’ Balances Rise with Markets in Q4 2023
Schwab’s latest SDBA Indicators Report found allocations remained steady at the end of the year, with heavy concentration on “Magnificent Seven” stocks
401(k) Millionaire Ranks Spike 20%
Fidelity report out today finds average workplace retirement account balances at the end of 2023 hit highest level in nearly two years
Student Loan Payments Negatively Impact 401(k) Contribution Rates, Account Balances
Joint EBRI-J.P. Morgan Asset Management report finds making student loan payments lowered both the average employee contribution rate and account balance
401(k) Account, HSA Balances Up for 2023
At the same time, the number of participants who took a 401(k) loan in 2023 decreased, reports Bank of America
401(k) Balances (and Millionaires) Dip Slightly in Q3: Fidelity
Recordkeeper’s new report out today reveals retirement account balances down for the quarter, but 401(k)s still up double-digits from a year ago