Americans Contributing More to 401(k) Plans Than Ever Before
According to a new report released by Fidelity on Thursday, Americans have begun contributing more than ever to their employer-sponsored retirement plans.
For the first time in history, at the end of the second quarter of 2015, the average annual 401(k) savings rate surpassed the $10,000 mark, hitting $10,180.
Still, total balances are down a slight 0.7 percent from last quarter and flat from a year ago, at an average of $91,100.
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