401(k) millionaires fell in the first quarter — but it’s not all bad news - MarketWatch
1. 401(k) millionaires fell to 512,000, down 4.6% from Q4 2024. 2. S&P 500 dropped 4.3% amidst tariff policy uncertainty and economic fears. 3. 401(k) savings rate reached a record high of 14.3%. 4. IRA contributions rose 4.5% despite a decrease in average balances. 5. Market volatility led to increased customer engagement with Fidelity.