2/13/2017 FidelityRetirementAnalysis:401(k)Balances,ContributionsandIRAsEnd2016atRecordLevelsFidelity
https://www.fidelity.com/aboutfidelity/employerservices/2016q4retirementupdate?print=true 1/4
FidelityRetirementAnalysis:401(k)Balances,
ContributionsandIRAsEnd2016atRecord
Levels
02/02/2017
BOSTON—FidelityInvestments todayreleasedits401(k)andIndividual
RetirementAccount(IRA)analysis forthefourthquarterof2016,which
reveals:
Arecordaverage401(k)balance.Increasingcontributionsandstock
marketperformancedrovetheaverage401(k)balancetoanall‐timehighof
$92,500attheendofQ4,toppingtheprevioushighof$92,100inQ12015and
anincreaseof$4,300fromayearago.
AverageBalances
Q42016 Q32016 Oneyearago 5yearsago
401(k) $92,500 $90,800 $88,200 $69,400
IRA $93,700 $94,100 $90,100 $69,400
NumberofIRAaccountstop8.5million.Nearlyone‐halfmillionIRA
accountswereaddedin2016onFidelity'splatform,whichendedtheyear
withmorethan8.5millionaccounts.TheaverageIRAbalanceof$93,700isup
$3,600year‐over‐year.
Contributionratesreboundtopre‐ﻐinancialcrisislevels.Peoplere‐
focusedonsavingastheaveragecontributionratetoFidelity401(k)sreached
8.4percentinQ4,thehighestlevelsinceQ22008.Overthepast12months,
thetotalsavingsamount(employeecontributionsplusemployermatch/proit
sharing)reachedarecord$10,200.
Percentageof401(k)loansdropstolowestlevelinsevenyears.As
contributionratesincrease,theportionofFidelityaccountholderswithan
outstanding401(k)loandroppedto21percent,thelowestlevelsinceQ4
2009.Forloan‐takers,it'simportanttocontinue401(k)contributionsduring
thelifeoftheloanandconsiderincreasingcontributionsoncetheloanispaid
off.
"Keytoasuccessfulretirementstrategyishavingasolidcontributionrateand
nottappingyour401(k)forshort‐termexpenses,"saidKevinBarry,president,
WorkplaceInvesting,FidelityInvestments."Morethanone‐in‐fourFidelity
®
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2/13/2017 FidelityRetirementAnalysis:401(k)Balances,ContributionsandIRAsEnd2016atRecordLevelsFidelity
https://www.fidelity.com/aboutfidelity/employerservices/2016q4retirementupdate?print=true 2/4
401(k)saversincreasedtheirsavingsratein2016—anall‐timehigh,andthe
numberofpeoplewitha401(k)loandroppedtoitslowestpointinseven
years.Thisshowspeoplearetakingtherightstepstowardsreachingtheir
retirementsavingsgoalsandillustrateshowthe401(k)ishelpingmillionsof
peopleprepareforretirement."
Targetedandonlineeducationleadstobetterengagement
Theneedforretirementsavingsinformationandeducationisincreasing,and
Fidelityisrespondingwithcontenttargetedtoaperson'ssituationandlife
stagetohelpthemunderstandtheirnextsteps.Andit'seffective:overthepast
year,Fidelity'smessagingaroundenrollment,savings,investingandother
topicshasledtotwicethelevelofengagementthanstandardmessaging.
Web‐basedtoolsandonlineeducationarealsoprovingeffective,asmore
retirementsaversareattendingonlineseminarsonhowtosetgoalsfor
retirementandincreasetheirsavings,andlearntheimportanceofasset
allocation,SocialSecuritystrategiesandmore.Intheirsthalfof2016,
attendanceatlivewebsessionswasup52percentanduseofon‐demand
seminars,suchasthissession onhowtoprioritizesavingsgoals,wasup62
percent.Fidelity'sinteractiveMoneyCheck‐up ,whichhelpsindividuals
understandtheirinancialwellnessandwheretheyneedtotakeaction,has
beencompletedbyover300,000peoplesinceitslaunchlastJune.And
Fidelity'sretailplanningtoolssawa41percentincreaseintraficin2016,with
morethanhalfofvisitorscreating,modifyingormonitoringtheirretirement
goals.
"Theseresultsshowthevalueincontinuallyinnovatingaroundhowwe
educatepeopleaboutretirementandtheirinancialwellness,"continued
Barry."FidelityhasbeenrecognizedbyCorporateInsight forouronlinetools
andeducationresources,whichisanotherexampleofourcommitmentto
providingtheresourcesourcustomersneed."
AboutFidelityInvestments
Fidelity'smissionistoinspirebetterfuturesanddeliverbetteroutcomesfor
thecustomersandbusinessesweserve.Withassetsunderadministrationof
$5.7trillion,includingmanagedassetsof$2.1trillionasofDecember31,2016,
wefocusonmeetingtheuniqueneedsofadiversesetofcustomers:helping
morethan25millionpeopleinvesttheirownlifesavings,nearly20,000
businessesmanageemployeebeneitprograms,aswellasprovidingmorethan
12,500inancialadvisoryirmswithinvestmentandtechnologysolutionsto
investtheirownclients'money.Privatelyheldfor70years,Fidelityemploys
45,000associateswhoarefocusedonthelong‐termsuccessofourcustomers.
FormoreinformationaboutFidelityInvestments,visit
https://www.idelity.com/about.
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2/13/2017 FidelityRetirementAnalysis:401(k)Balances,ContributionsandIRAsEnd2016atRecordLevelsFidelity
https://www.fidelity.com/aboutfidelity/employerservices/2016q4retirementupdate?print=true 3/4
OurCompany
PersonalInvesting
WeprovidefinancialplanningandretirementoptionssuchasIRAs,annuities,andmanaged
accounts;brokerageandcashmanagementproducts;collegesavingsaccounts;andotherfinancial
servicesformillionsofindividualinvestors.
WorkplaceInvesting
Weworkwithemployerstobuildbenefitprogramsfortheiremployees,andproviderecordkeeping,
investments,andservicingindefinedcontribution,definedbenefit,health&welfare,andstockplan
services.
FidelityInstitutional
Webringsophisticatedtechnologyandhighlypersonalizedservicetogethertoofferclearing,
custody,investmentproducts,brokerage,andtradingservicestoawiderangeoffinancialfirms.
FidelityInstitutionalAssetManagement
FidelityInstitutionalAssetManagementisadistributionorganizationdedicatedtotheinstitutional
marketplace.Itservesconsultantsandinstitutionalinvestors,suchasdefinedbenefitanddefined
contributionplans,endowments,andfinancialadvisors.
FidelityCharitable
FidelityCharitableisanindependentpubliccharitythatallowsdonorstoestablishadedicateddonor
advisedfundtosupporttheirfavoritecharitiesintheshorttermandcreateasystematicplanfor
longertermphilanthropicgoals.
FidelityLabs
FidelityLabsexploresemergingtechnologyandharnessesinnovationtobenefitFidelity's
businessesandcustomers.
2/13/2017 FidelityRetirementAnalysis:401(k)Balances,ContributionsandIRAsEnd2016atRecordLevelsFidelity
https://www.fidelity.com/aboutfidelity/employerservices/2016q4retirementupdate?print=true 4/4
Keepuponourlatestnewsandcommunity
outreachefforts.
MediaInquiries?Call6175635800or
emailFidelityCorporateAffairs.
1.Analysisbasedon22,100corporatedeinedcontributionplansand14.5millionparticipants,asofDecember31,2016.Theseigures
includetheadvisor‐soldmarket,butexcludethetax‐exemptmarket.Excludedfromthebehavioralstatisticsarenon‐qualiieddeined
contributionplansandplansforFidelity'sownemployees.Fidelity'sIRAanalysisbasedon8.55millionIRAaccounts.
2.CorporateInsight"2016RetirementPlanMonitorAwards."Basedonacomprehensivebenchmarkanalysisincorrelationwithasurvey
ofcloseto1,500DCplanparticipants,andpublishedinDecember2016.
Keepinmindthatinvestinginvolvesrisk.Thevalueofyourinvestmentwillluctuateovertimeandyoumaygainorlosemoney.
Pastperformanceisnoguaranteeoffutureresults.
FidelityBrokerageServicesLLC,MemberNYSE,SIPC900SalemStreet,Smithield,RI02917
FidelityInvestmentsInstitutionalServicesCompany,Inc.500SalemSt.,Smithield,RI02917
©2017FMRLLC.Allrightsreserved.
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