Still, according to Fidelity, the average 401(k) balance remained 11% higher than a year earlier.
That said, the proportion of workers taking hardship withdrawals rose to 2.3% from 1.8% over the same period in 2022.
Estimated reading time: 0 minutes, 20 seconds
Average 401(k) Balance Dips in 3Q But Still Up From a Year Ago
Fidelity Investments released a new analysis that finds the average 401(k) balance fell 4% in the third quarter, a period in which the S&P 500 similarly dropped 3.7%. So reports CNN.
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