401(k) Statistics: Average Balance At An All Time High of USD 71,500

This is probably old news, but we spotted this today:

"The average 401(k) account balance rose to $71,500 at the end of 2010, reaching a 10-year high since Fidelity began tracking the data based on the industry’s largest participant base of 11 million 401(k) accounts. For participants who were continuously active for the past 10 years, their average balance increased to $183,100 at the end of last year from $59,100 at the end of the fourth quarter 2000."

Statistics Source: Fidelity