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Report: 401(k) balances fall in Q1

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A new report from Fidelity Investments indicates 401(k) balances dropped in the first quarter.

The average 401(k) balance decreased by 3% to $127,100 during the three-month period, according to Fidelity.

However, the average 401(k) savings rate rose to a record 14.3% in the first quarter, according to the report.

Read more from Quartz.

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