Fidelity reports record average 401(k) balances of $155K as some savers lag behind
According to Fidelity's Q2 2026 retirement analysis, the average balance in U.S. workplace retirement accounts reached a new high of $155,800 for 401(k)s and $145,000 for 403(b) plans, reflecting an 11% and 12% increase respectively from Q1. The growth is attributed to strong stock market performance following a slight dip in the first quarter of the year. Despite these gains, many workers remain concerned about their financial future due to rising living costs, geopolitical tensions, and job insecurity. Fidelity notes that savings behavior plays a significant role in retirement outcomes, with 81% of 401(k) participants contributing enough for full employer matches and IRA holders increasing contributions by 36%. However, not all savers are seeing similar returns. Fidelity advises workers to optimize their plan design, maximize employer matching if available, or consult a financial advisor. Adjusting investment strategies based on age—such as adopting more aggressive portfolios when young or shifting toward conservative investments near retirement—is also recommended for better long-term outcomes.
Topics: 401(k) Fidelity market growth savings trends