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Nearly half a million 401 (k) accounts had balances of $1 million or more as of June 30, up 2.5% from the prior quarter, according to Fidelity Investments. The average 401 (k) balance across all ...
The number of "401(k) millionaires" — 401(k) plan participants with balances of at least $1 million — has reached a record high, new data from Fidelity Investments shows. As of June, there ...
The number of 401(k) holders whose balance topped $1 million was up 2.5% from Q1, jumping from 485,000 to 497,000. Among IRA contributors, the number jumped 6% from 376,275 to 398,594.
A 401 (k) plan is a personal retirement account that allows employees to contribute pre-tax or after-tax income to their retirement savings. Learn about the history, taxation, types, and rules of 401 (k) plans in the United States.
Fidelity Investments is a multinational company that offers various financial products and services, such as mutual funds, ETFs, retirement plans, and cryptocurrency. Founded in 1946, it has $4.9 trillion in assets under management and operates worldwide.
A record number of 401(k) accounts contained $1 million or more during the second quarter of 2024, according to an analysis from Fidelity Investments. There were about 497,000 so-called 401(k ...
800-290-4726 more ways to reach us. Sign in. Mail. ... Million-dollar 401(k) accounts are pretty rare, for the record. ... The 2% of 401(k) accounts that Fidelity says are worth $1 million or more ...
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