IRA and 401(k) balances rose in the fourth quarter of 2015, but lost ground from where they were at the end of 2014.
And all that volatility spurred record call center activity from plan participants.
That's according to analysis from Fidelity Investments, which reported that average balances for 401(k)s at the end of 2014 were $91,300, but in Q4 2015 had fallen to $87,900—although in Q3 they were down even lower, averaging $84,400.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
