The average 401(k) balance held with Fidelity Investments reached $74,500 at the end of the first quarter, a 12% increase from a year ago and a 58% increase from two years ago. This is the highest account level since Fidelity began tracking account balances in 1998.

In addition, nearly 10% increased their deferral rate in the first quarter, the highest level since Fidelity began tracking this measurement in 2006.

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