Americans saved for their golden years at a record pace to kick off 2025, a new study by Fidelity Investments found.
In the first quarter, 401(k) savings rates reached an all-time high of 14.3 percent. This was driven by a 9.5 percent employee contribution rate and a 4.8 percent employer contribution rate, falling short of Fidelity’s suggested savings rate of 15 percent.
The savings rate for 403(b) retirement accounts—plans established for public employees and nonprofit organizations—held steady at 11.8 percent.
Average 401(k) retirement account balances totaled $127,100, sliding 3 percent from the fourth quarter of 2024. However, according to researchers, balances increased by 1 percent from the previous year….