Millionaires' balances helped to buoy Fidelity 401(k) balances overall, with the average balance in all Fidelity 401(k) accounts rising to $105,200 at the end of Q3. (Photo: Shutterstock)
The number of Fidelity's IRA and 401(k) millionaires has risen for the third straight quarter, and a report in Investor's Business Daily says that they also "hit record levels for the second quarter in a row, in each type of account."
Fidelity 401(k) account holders having at least $1 million in those accounts, the report added, hit 200,000, up two percent from the 196,000 with that much at the end of Q2, and up from 180,000 at the end of Q1.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
