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401(k) millionaires hit record high

Nov 06, 2018 - Detroit Free Press

The number of 401(k) millionaires hit a record in the third quarter as investors who own stocks in retirement accounts got a boost from the U.S. equity market touching a fresh high.

The tally of people with 401(k) accounts at Fidelity Investments with balances over $1 million climbed to 187,400 at the end of the September quarter, up 41 percent from the third quarter of 2017 and topping the previous record of 168,000 401(k) millionaires in this year's second quarter. Fidelity, one of the n...