Fidelity Investments yesterday reported its average 401(k) balance rose to $74,600 at the end of the first quarter, up 8% from the end of the fourth quarter 2011 and a 62% increase since the end of the first quarter 2009.

According to the firm, strong stock market performance in the first quarter accounted for some 80% of the account balance growth with the other 20% attributed to both participant and employer contributions.

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