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For many Americans, balances in an employer-sponsored 401(k) retirement plan are on the lower end. Here are the 10 states with the lowest average 401(k) balances, as well as factors that come into ...
By the end of Q3 2024, the average 401(k) balance climbed to $132,300 – an impressive 23% increase compared to last year. ... These consistent contributions and employer matches create a ...
Last quarter, while the overall average contribution to an employer-sponsored retirement account was a respectable $2,350 (all age groups), the average employer kicked in an additional $1,240.
The average 401(k) balance rose to $118,600 at the end of the fourth quarter, up 14% for the year. ... Between employee and employer contributions, the average savings rate last year was 13.9%, up ...
At the end of 2023, 78% of 401(k) savers were contributing at a rate high enough to secure the full matching contribution offered by their employer. The total average 401(k) savings rate for the ...
According to the latest findings, the average 401(k) balance was $141,542 in 2021. ... some employers will match a portion of retirement contributions. For example, your employer might match 50 ...