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.
Despite Pandemic, Average 401k Account Balance at Bank of America in 2020 Topped…
UPDATE – Follow this link for the results of the 2022 Financial Life Benefits Impact Report. Most American…
401(k) Balances Hit Record Levels Again: Fidelity
Despite the financial challenges caused by the continued impact of the pandemic on the global economy, average balances…
Up in All 50: Average 2020 401(k) Growth and Balances by State
The answers: Utah, North Dakota, 30.3%, South Dakota, North Dakota, 6.2% and $22,100. The questions? These are among…
How Self-Directed 401(k)s Performed in Q3
The third quarter was a solid one for self-directed 401(k) accounts according to Charles Schwab’s latest SDBA Indicators…
401(k) Balances Rise Slightly, Contributions Steady in Q3: Fidelity
Despite ongoing market swings and economic uncertainty, average retirement account balances increased slightly in the third quarter, according…
Fidelity Adds $148 Billion to Workplace Benefits Platform in 2020
Fidelity Investments reported Oct. 2 that it has added more than $148 billion in assets from new workplace…
Self-Directed 401(k) Balances Jump in Q2 2020
A 3.3% year-over-year increase and a 13% increase from the end of the first quarter of 2020? Not…
401(k) Millionaire Ranks Rebound in Q2
COVID-19 be damned, the numbers of 401(k) millionaires are back up near record highs according to second-quarter data from Fidelity.
401k Participants Stay the Course Despite Market Volatility
Financial advisors have been urging 401k investors to sit tight and ride out the COVID-19 market volatility, and…
Trump Touts 401(k) Growth in State of the Union
President Donald Trump gave a nod to the success of 401(k)s as he hailed the “Great American Comeback”…