shalab Posted February 24, 2011 Share Posted February 24, 2011 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 Link to comment Share on other sites More sharing options...
ERICOPOLY Posted February 24, 2011 Share Posted February 24, 2011 Having $50k in the 401k and contributing another $10k I suppose is 20% growth in the balance. Doesn't say much. Link to comment Share on other sites More sharing options...
JEast Posted February 24, 2011 Share Posted February 24, 2011 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 Link to comment Share on other sites More sharing options...
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