Register | Forgot Your Password? | Close

(AP) - 401(k) BALANCES GROW: Fidelity Investments says the average 401(k) account balance among its accountholders rose to $77,300 at the end of last year. That's up 12 percent from the average at the end of 2011, according to Fidelity, the nation's largest 401(k) administrator. In the final three months of 2012, the average account balance grew 2 percent.

RISING MARKET: The Standard & Poor's 500 index posted a 16 percent return last year, boosting investment returns in 401(k)s.

RISING CONTRIBUTIONS: The average account balance also rose because contributions from employees' paycheck deductions increased last year, as did matching contributions from employers.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
share this story:
Attention Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus