Average 401(k) balances reached a new high at the end of the third quarter, jumping 11.1 percent from a year ago.
According to Fidelity Investments, the average 401(k) balance rose to $84,300 in large part because of the resurgence in the stock market.
Employees who were continuously active in their 401(k) plan over the past decade saw their average balance rise nearly 20 percent to $223,100 during the past 12 months. For pre-retirees over the age of 55 who have been active in their plan for at least 10 years, the average balance is $269,500, Fidelity found.
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