Fidelity Says 401(k) Balances Reached Highest Level
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Fidelity Investments, the largest provider of 401(k) retirement plans, said average balances in employer-sponsored accounts reached the highest level since it began tracking values in 2000, as market gains boosted assets.
The average account balance in the U.S. rose to $75,900 as of the third quarter, an increase of 18 percent from a year earlier, according to a report released today by the Boston-based Fidelity, which administers plans for about 12 million workers.