Fidelity’s Building Financial Futures

Compensation & benefits

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Fidelity’s “Building Financial Futures” is our quarterly analysis based on more than 30 million accounts across Fidelity’s retirement savings platform, and provides insight on investing trends, savings behaviour and scheme design across the US retirement landscape.

Here are the key highlights that we’ve identified from this quarter’s results:

With ongoing competition for workers, employers continue to explore ways to enhance their retirement and benefit programs to attract talent and help employees improve their financial wellness.

The average retirement savings account balance increased for the third straight quarter, including a 66% increase for Gen Z workers over their balance from Q2 20221.

Despite the positive market performance in Q2, many workers on Fidelity’s platform continued to “stay the course” and take a long-term approach to retirement savings1.

This quarter’s “spotlight” highlights trends among Fidelity’s 7 million participants aged 55+, including investment mix and catch-up contributions.

Download the full report for additional insight on trends and behaviours we’ve identified this quarter. By following the link, you will be taken to fidelityworkplace.com. This website is subject to separate terms and conditions and is governed by the laws of the territory concerned.

Read the report

¹Fidelity Investments Q2 2023 401(k) data based on 25,100 corporate defined contribution plans and 23.1 million participants as of June 30, 2023. These figures include the advisor-sold market but exclude the tax-exempt market. Excluded from the behavioural statistics are non-qualified defined contribution plans and plans for Fidelity’s own employees.

This information is for scheme sponsors’, trustees’, their advisers’, and consultants’ use only and should not be relied upon by individual investors.

Fidelity refers to one or both of Fidelity International and Fidelity Investments. Fidelity International and Fidelity Investments are separate companies that operate in different jurisdictions through their subsidiaries and affiliates. All trademarks are the property of their respective owners.