This Was the Average 401(k) Balance Last Quarter. How Does Yours Compare?
If you've been following the stock market, you're no doubt aware that the second quarter of the year had its fair share of turbulence. And so, not shockingly, many 401(k) savers are seeing lower balances for Q2 of 2022 than they were seeing a year prior.
Last quarter, the average 401(k) plan balance was $103,800, reports Fidelity. That's down a jarring 20% from a year prior and down 15% from the first quarter of 2022.
Image source: Getty Images.
Source Fool.com
