Browsing Tag
401(k) Account Balances
57 posts
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
401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans
Bank of America's “Participant Pulse” survey reveals average plan balances have increased nearly 10% this year, but hardship distributions and loans are also on the rise
401(k) Gender Savings Gap Still Large, But Smaller for Younger Participants
Bank of America finds that while men’s average account balance exceeds women by 50%, women in younger generations are closing the gap
Retirement Account Balances Increase Across the Board
Latest findings from Fidelity Investments show 401(k) account balances increased 4%, while IRA and 403(b) balances grew 5% and 6%, respectively
Automatic Enrollment Adoption Grew to 85% in 2022: T. Rowe Price
The latest benchmarking report by T. Rowe Price found participants with automatic enrollment in their plans were also much likelier to participate
401(k) Balances Dropped 20% in 2022 at Fidelity, But Increased in Q4
Fidelity’s just-released 2022 Retirement Analysis reveals that average account balances rose in Q4 and retirement savers continue to focus on the long term with savings rates remaining steady
Fidelity 401k Report Card: Silver Linings Among More Declines in Q3
Average 401k balance drops below the six-figure mark, but participants haven’t cut back on contribution rates