Yappi
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The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 196,000 as of June 30, up 17% from 168,000 last year, according to a new report by Fidelity, the nation’s largest provider of 401(k) plans. The financial services firm handles more than 30 million retirement accounts altogether.
In addition, the number of individual retirement account millionaires increased to 179,700, also an all-time high.
The number of 401(k) millionaires hits an all-time high
To reach the seven-figure mark, increase your contributions amount by a little bit every year, Fidelity's Katie Taylor says.
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