The nation’s largest 401(k) provider said Thursday that average balance at the end of the third quarter was up 4.2 percent from the end of the previous quarter and 18 percent from the year-ago average of $64,3003.
Meanwhile, average annual employer contributions – sometimes called a company match – rose to $3,420 at the end of the third quarter, up 19 percent from the third quarter of 2007 - just before the recession began.