Saving over a long period, we're always told, pays off, even if things may not look so good for the short term. And new data from Fidelity is backing that up.
In its quarterly analysis of its 401(k) and IRA accounts, along with its annual analysis of small business retirement plans, Fidelity found that the average 401(k) balance dipped slightly at the end of the first quarter and is down roughly 5 percent from the record high balance at the end of Q1 2015.
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.
