Survey: 401(k) balances, savings rate hit record highs in Q1

A Fidelity Investments survey found that average 401(k) balances reached a record $95,500 in the first three months of 2017, compared with $74,900 five years ago. The growth was helped by stock market performance and an increased savings rate, which hit a record 12.9% in the first quarter, the survey found.

PlanAdviser online (5/12)