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Average 401(k) account balances tumbled last year, Vanguard research shows

Thu Jun 15 , 2023
The average balance in employer-sponsored retirement contribution plans plunged more than 20% last year, according to new data from Vanguard Group. Vanguard, which tracks about 5 million retirement accounts, found the average account balance for 401(k)s and 403(b)s was $112,572 in 2022 – down nearly $30,000 from the previous year.  […]

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