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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, ...
During the third quarter of 2024, Fidelity reports the number of 401(k) millionaires increased by 9.5% from the previous quarter. All told, there were 544,000 people in that category during the ...
More than 34,000 millionaires were created in the second quarter of 2024. ... At the end of the second quarter, the average balance of the 401(k) millionaires stood at $1,595,200, up from $1,581 ...
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 ...
On balance, 401(k) participants have had a good run over the past year. ... Number of 401(k) ‘millionaires’ reaches new high. Jeanne Sahadi, CNN. August 28, 2024 at 9:06 AM. Kseniya ...
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 ...
Still, those tallies fall short of their peaks, which was 442,000 for 401(k) millionaires at the end of 2021 and 376,100 for IRA millionaires in the same quarter when the S&P 500 just finished a ...
It’s more than double the uptick in those with seven-figure balances in Fidelity 401(k) plans. There were 497,000 millionaire retirement savers in Fidelity 401(k) plans at the end of the second ...