Fidelity: Average 401(k) balances fell 23% in 2022

Nancy Lavin

02/27/2023

AVERAGE 401(K) BALANCES were down 23% at the end of 2022, compared with a year prior, according to a new report from Fidelity Investments Inc.

BOSTON – 2022 was a rough year for retirement savers, with average 401(k) balances down 23% compared with a year prior, according to a new report from Fidelity Investments Inc. Market volatility, natural disasters and global political unrest were among the factors hitting retirement savers hard, according to Fidelity’s 2022 retirement analysis. The average balance…

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