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August 23, 2021

Wall Street's gains, savings lift 401(k) balances

By ALEX VEIGA
AP Business Writer

LOS ANGELES — Solid stock market gains through much of the pandemic and workers putting more of their pay toward their golden years are paying off for many retirement savers.

The average 401(k) plan balance grew 24% to a record $129,300 in the second quarter from a year earlier, according to a review of 19.8 million accounts by Fidelity Investments.


 
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