Filed Under:Life Insurance, Life Planning Strategies

Average 401(k) balance attains record high

The average 401(k) balance rose to a new high of $84,300 at the end of the third quarter, up 11.1 percent from a year ago.
The average 401(k) balance rose to a new high of $84,300 at the end of the third quarter, up 11.1 percent from a year ago.

Riding a resurgent stock market, the average 401(k) balance rose to a new high of $84,300 at the end of the third quarter, up 11.1 percent from a year ago, according to a new report from Fidelity Investments.

Employees who were continuously active in their 401(k) plan over the last 10 years saw the average balance rise 19.6 percent to $223,100 during the past 12 months, the research shows. For pre-retirees age 55 or older who have been active in their plan for at least 10 years, the average balance is now $269,500.

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Nichole Morford

Nichole Morford
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