New York CNN —
They are still a very small minority in the 401(k) universe, but there were a record number of 401(k) participants with balances over $1 million at the end of the first quarter this year, Fidelity Investments said Thursday.
Specifically, 485,000 of them.
That’s up 15% from the 422,000 accounts reported at the end of 2023 and 43% higher than a year ago. Fidelity is one of the largest providers of workplace retirement plans, and its 401(k) data is based on more than 23 million plan participants. The record number of million-dollar-plus accounts
→ Continue reading at CNN - Business News
