401(k)s did well in 2024, but not just due to market gains. You deserve credit, too | CNN Business

CNN  — 

Last year was a pretty good year if you were among the tens of millions of employees who put their savings to work in a 401(k) plan.

Sure, strong returns on the S&P 500 helped. It rose nearly 25% for the year. Same goes for the Nasdaq, which was up about 32%. And bonds made small gains — the S&P Aggregrate Bond Index, for instance, increased by roughly 2.25%.

But you deserve some credit, too.

Based on the latest data from Fidelity and Vanguard, in 2024 many employees increased their

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