(Cont...)
Fidelity’s second-quarter analysis of its 401(k) accounts
showed the number of employers offering a Roth 401(k) savings option rose to
35% from only 10% five years ago. More than half (55%) of Fidelity 401(k)
participants are in plans that offer a Roth 401(k), up from 15% five years
ago.
In addition, employee and employer 401(k) contributions
continued to increase in the second quarter, compared with the same period in
recent years. The average contribution from employees rose to $1,660 during the
second quarter, up $30 from the same period last year and up $150 from the same
period in 2009.
The average employer contribution climbed to $950 during the
second quarter of this year, up $30 from the same period last year and up $90
from the same period in 2009. The average 401(k) balance dropped slightly
to $72,800 at the end of the second quarter, down 2.5% from the end of the
first quarter.
Rebecca Moore