Lehigh Valley and Surrounding Areas 401k Management Service Provider!
Top 401k Advisors Team Is Here To Help!
At Top 401k Advisors, we specialize in maximizing your 401k plan by lowering fees, providing unparalled personal service and improving investment outcomes, all without changing your current 401k provider.
Take The60 Second 401k Quiz
- How often are you in communication with your current 401k retirement plan advisor?
- When is the last time you had your 401k retirement plan reviewed regarding your 401k plan fees?
- Are you taking advantage of the IRS rule for employees over 59-1/2?
- What is your current education policy when it comes to your employees?
- Are you happy with the way your current investments are performing in your 401k retirement plan?
If you’re unhappy or unsure about2 or moreof these questions, you need to schedule your complimentary plan review today.
What Are the Average & Median 401(k) Balances By Age?
The following metrics show the latest data on the average and median 401(k) balances by age in Fidelity Investments, one of the largest defined contribution plan providers in the U.S. Fidelity administers 24,000 401(k) plans with more than 21 million participants.
In light of Fidelity's metrics indicating the average American's savings, the importance of company retirement plans cannot be overstated. As a company plan administrator, ensuring a robust retirement plan is not just a responsibility but a fiduciary duty. The fiduciary role involves safeguarding the financial interests of employees by selecting and managing the company's retirement plan diligently.
Given the dynamic nature of financial markets, a 401k Tune-Up becomes critical in optimizing the plan's performance and aligning it with the company's retirement strategy. Collaborating with hands-on retirement advisors adds a valuable layer of expertise, providing personalized guidance and staying abreast of market trends. This proactive approach not only fosters employee financial well-being but also reflects a commitment to fulfilling fiduciary obligations and promoting long-term financial security.
Fidelity Average 401(k) Balances by Age
Fidelity Median 401(k) Balances by Age
Ready to implement your company's retirement plan strategy?
Let us help you optimize your company's retirement plan strategy and achieve your business goals.