retirement investing

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.