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Bull market has 401(k) balances hitting records

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in Compensation and Benefits,Human Resources

The average balance in U.S. employees’ 401(k) savings plans is $92,500, up about 5% from a year ago and a big jump from the $69,400 average balance from five years ago, according to a Fidelity Investments analysis of 14.5 million people. Scary news: One in three private-sector employees has no retirement plan at all through their jobs.

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