The 401(k) Millionaires Club: What It Means for America's Retirement Security The recent surge in 401(k) millionaires may have some Americans feeling optimistic about their retirement prospects, but scratch beneath the surface and a more nuanced picture emerges.
Fidelity Investments reported a record number of 401(k) accounts with at least $1 million in assets, highlighting the persistent gap between the haves and have nots when it comes to retirement savings.
The 19% jump in 401(k) millionaires between the first and second quarters of this year is noteworthy.