Opinion: 401(k) millionaires club got smaller last year

Barry Ritholtz

02/04/2019

THE NUMBER OF people with over $1 million in their 401(k) accounts declined by more than 28 percent in the fourth quarter, according to data from Fidelity Investments. / BLOOMBERG FILE PHOTO/JB REED

NEW YORK – Fidelity Investments’ quarterly data dump arrived last week, featuring loads of information about its retirement-account holders. It was eye-opening, to say the least. Recall last summer when we noted there was about $1 trillion in 401(k) and other retirement accounts. The estimates from Fidelity suggested that about a million people had more than $1 million

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