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Number of 401(k) Millionaires Hits New Record, Fidelity Says

The universe of 401(k) accounts with balances of $1 million or more at Fidelity Investments rose to a record 485,000 in the first quarter, according to the company.

"Millionaire retirement accounts remain a rarity, making up about 2% of the roughly 24 million defined contribution plan accounts at Fidelity."

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retirement, wealth management