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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
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.
According to a recent Fidelity Investments report, there's a record number of 401(k) accounts with $1 million or more. At the start of 2024, there were approximately 485,000 401(k) millionaires.
Updated August 29, 2024 at 10:43 AM / Getty Images. The number of "401(k) millionaires" — 401(k) plan participants with balances of at least $1 million — has reached a record high, ...
A record number of Americans are 401(k) millionaires, thanks to a surging stock market. The tally of 401(k) millionaires reached 544,000 in the third quarter of 2024, up from 497,000 three months ...
The number of retirement savers with $1 million or more in their 401(k) accounts jumped 20% from September to the end of December, according to Fidelity. Soaring number of Americans are now 401(k ...
Let's say your salary is $100,000 in 2024, and you plan to increase your contributions to 15% of your income. By the end of the year, you would have contributed $15,000 to your 401(k), reducing ...
Many more new 401(k) “millionaires” were created last year, but the overall number remains low, according to data released Tuesday. ... 2024 at 1:25 PM. ... Fidelity said that 27% of plan ...