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The number of "401(k) millionaires" — 401(k) plan participants with balances of at least $1 million — has reached a record high, new data from Fidelity Investments shows.. As of June, there ...
A record number of 401(k) accounts contained $1 million or more during the second quarter of 2024, according to an analysis from Fidelity Investments. There were about 497,000 so-called 401(k ...
The number of 401(k) holders whose balance topped $1 million was up 2.5% from Q1, jumping from 485,000 to 497,000. Among IRA contributors, the number jumped 6% from 376,275 to 398,594.
There were 497,000 millionaire retirement savers in Fidelity 401(k) plans at the end of the second quarter, up from 485,000 at the end of March — a 2.5% increase.
On balance, 401(k) participants have had a good run over the past year. Especially those who have amassed a balance of at least $1 million. Number of 401(k) ‘millionaires’ reaches new high
A new analysis by Fidelity Investments, one of the largest providers of 401(k) retirement plans, found that the number of accounts with balances topping $1 million rose by 9.5% in the third quarter.
In fact, Fidelity recently reported a record number of 401(k) millionaires, with 485,000 customers having $1 million or more in their 401(k) accounts as of Q1 2024.
All told, there were 378,000 retirement savers in Fidelity 401(k) plans spotting balances of seven figures and beyond as of June 30, up from 340,000 at the end of March and 299,000 at the end of ...