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International Business Times
International Business Times
Business
Luke Funk

Number Of 401(k) Millionaires Reaches Record High

A Fidelity Investments store logo is pictured on a building in Boca Raton, Florida. (Credit: Reuters / Carlo Allegri)

The number of paper millionaires with 401(k) retirement accounts has reached an all-time high according to a report released Wednesday.

Fidelity Investments says the number of people with more than a million dollars in their 401(k) accounts reached 497,000 in the second quarter, up 2.5% from the first quarter of 2024.

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