Increase in 401(k) balances

[shalab]

The increase in average balances in fido accounts is consistent with the increase in networth seen on this board. The growth was 28% in 2009 and 11% in 2010. Fido has 11 million participants in its 401(k) plans. The total net worth managed by Fidelity is around 800 billion.

 

http://www.fidelity.com/inside-fidelity/employer-services/q4-2011-401k-update

http://www.fidelity.com/inside-fidelity/employer-services/fidelity-reports-average-401k-balance-increases-28-percent-in-2009

 

[ERICOPOLY]

Having $50k in the 401k and contributing another $10k I suppose is 20% growth in the balance.  Doesn't say much.

[JEast]

I believe it indicates some of the increase in the personal savings rate from zero to five percent is real.  If we go back to the normalized 9-10%, then the recovery may be in question.

 

 

Cheers

JEast