Fidelity Investments

Midday Market Minute: 401(k) Balances at Record High

401(k) balances reached record highs in 2012, as a strong stock market and increased contributions helped retirement savers continue to recover from recession losses. Fidelity Investment's average 401(k) balance hit $77,300 at the end of 2012 -- up nearly 12% from $69,100 in 2011.

Fired for Playing Fantasy Football?

A 26-year-old employee at Fidelity Investments was fired for playing fantasy football while at work, violating company rules against gambling. The incident raises an interesting question: Do younger workers, raised on the Internet, understand the difference between work and play?