Savings & Retirement
Number of 401(k) Millionaires Swells Back Toward Record
The amount of seven-figure retirement accounts at Fidelity Investments surged in the fourth quarter of 2023.
Photographer: JB Reed/Bloomberg
The amount of 401(k) millionaires is within striking distance of an all-time high.
The number of seven-figure 401(k) accounts at Fidelity Investments jumped 20% in 2023’s final quarter to 422,000, marking a sharp recovery from the previous quarter’s 7.7% drop, an analysis released by Fidelity on Tuesday shows.