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Average Retirement Balance Hits Record on 401(k) 'Autopilot'
Newsmax
May 15, 2017 "The average balance in a 401(k) defined-contribution account at Fidelity Investments hit a record $95,500 in the first quarter, up more than 9 percent from a year earlier ... 27 percent of workers in a Fidelity plan increased their contributions, as a percentage of their salaries, over the past 12 months.... In the first quarter, 68 percent of the rise in savings rates of workers under age 30 was due to automated increases[.]" MORE >> |
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