Retirement Plan Balances Have Rebounded Despite the Coronavirus Pandemic

Retirement Plan Balances Have Rebounded Despite the Coronavirus Pandemic

Earlier in the year, the COVID-19 pandemic had a devastating effect on retirement plans. Investing giant Fidelity reported that the average 401(k) balance fell to $91,400 during the first quarter of 2020, while the average IRA balance fell to $98,900.