BOSTON (AP) — Workers continued to stash more money in their 401(k) plans in the second quarter, but the stock market's modest decline left them slightly further behind in reaching their savings goals.
Fidelity Investments, the nation's largest 401(k) administrator, said on Thursday that the average balance among its nearly 12 million accountholders was $72,800 at the end of June. That's 2.4 percent less than at the end of March, and largely unchanged from last year's second-quarter average.
It didn't help that the Standard & Poor's 500 stock index fell 2.8 percent during this year's second quarter. Investors worried about the European debt crisis and slow economic growth at home.
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