401(k) Millionaires See 20% Jump Over Last Quarter of 2022
• Number of 401(k) millionaires jumped 20% from September to December 2022 • 422,000 people had $1M+ in their Fidelity 401(k) plans as of Dec 31, 2022 • Average 401(k) millionaire tenure is 26 years of saving • 401(k) millionaires save 17.5% of their pay on average • Employers contribute additional 9% on average to 401(k) millionaires' accounts