Private Equity Interest in 401(k)

The number of 401(k) accounts with balances of $1 million or more at Fidelity Investments rose 27% to 537,000 in 2024, driven by a banner year in the stock market. Despite back-to-back 20%-plus gains in the S&P 500, most Americans remain anxious about being able to afford a comfortable retirement. Bloomberg’s Allison McNeely has more on the story. (Source: Bloomberg)