Fidelity: 401(k) average balance grows 4 pct in 3Q

Published November 8, 2012 5:02am ET



BOSTON (AP) — The nation’s largest administrator of 401(k) plans says account balances grew an average 4 percent in the last quarter. That’s due to a rising stock market, as well as increased contributions from workers and their employers.

Fidelity Investments said on Thursday that the average balance among the 12 million accounts it administers was $75,900 as of the end of September. That’s up from $72,800 at the end of June.

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