Average 401(k) Balance Has Hit New High

401(k) balances reached record highs in 2012, as a strong stock market and increased contributions helped retirement savers continue to recover from recession losses. Fidelity Investment’s average 401(k) balance hit $77,300 at the end of 2012 up nearly 12% from $69,100 in 2011, according to a report released Thursday by Fidelity, the country’s largest provider representing 12 million U.S. workers.

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Average 401(k) Balance Hits New High