Here’s Some Rare Good News About 401(k) Savings

Undeterred by a rocky stock market in the first quarter, a record number of Americans upped their contributions to their 401(k) retirement plans. Fidelity reported on Friday that 13.6 percent of 401(k) investors increased their savings rate in the first quarter, topping the previous high of 12.9 percent set in the first quarter of 2015. The total savings rate for 401(k) savers, which includes individual and employer contributions, also reached a record 12.7 percent in the period, surpassing the