Fidelity: Record number of 401(k) millionaires in the U.S., average holdings hits record too

Market Trends & Investment Behavior - Fidelity Investments reports a record high of 595,000 401k millionaires in America during the second quarter [1] - The overall average 401k balance reached an all-time high this year as markets recovered [1] - The average 401k balance increased by 8% from the previous quarter, reaching $137,000 [1] - A significant 95% of overall 401k investors did not make any changes to their portfolios [1] Potential Risks & Opportunities - "Stuck money" refers to funds that are not properly invested, potentially within current or forgotten 401k accounts [1] - Maintaining a steady savings rate close to 15% (including employer contributions) is considered positive [3] - It's crucial to consider long-term goals when making investment decisions within 401k accounts [3]