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Updated August 29, 2024 at 7:43 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 ...
On balance, 401(k) participants have had a good run over the past year. ... August 28, 2024 at 9:06 AM. ... The number of so-called 401(k) ‘millionaires’ rose to a new record high in the ...
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 ...
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.
The first quarter of 2024 has seen an unprecedented rise in the number of 401(k) millionaires. ... According to USA Today, the first quarter saw a record number of 401(k) millionaires, now ...
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 ...