Record Number of 401(k) Millionaires in Q2, Fidelity Reports

The number of 401(k) millionaires reached a new high in the second quarter, according to Fidelity Investments. Nearly half a million accounts now have balances of $1 million or more, based on a report analyzing 24 million accounts. The average 401(k) balance is around $127,000, up 13% from last year.