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Fidelity Adds Record 769,000 $1M 401(k) Accounts

9/5/2026

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Summary

Story summary

Fidelity reported a record 769,000 401(k) accounts with at least $1 million in Q2.
Those million-dollar accounts grew 19% from Q1, the largest quarterly increase since late 2023.
The S&P 500 rose about 15% in the quarter, its best performance since 2020.
Average employee 401(k) contribution rate held at a record 9.6% in the quarter.
NFP survey found 69% of workers lack confidence in retiring comfortably and consider their savings off track.

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Story summary

Fidelity reported a record 769,000 401(k) accounts with at least $1 million in Q2.
Those million-dollar accounts grew 19% from Q1, the largest quarterly increase since late 2023.
The S&P 500 rose about 15% in the quarter, its best performance since 2020.
Average employee 401(k) contribution rate held at a record 9.6% in the quarter.
NFP survey found 69% of workers lack confidence in retiring comfortably and consider their savings off track.