Overview

• Average 401(k) balance fell 3% to $127,100 in Q1 2025 yet remained 1% above its year-earlier level.
• Contribution rate hit a record 14.3%, split between 9.5% from employees and 4.8% from employers.
• Number of 401(k) millionaires declined 4.6% to 512,000, with a median balance of $1.3 million.
• President Trump’s tariff measures triggered severe market swings, including the worst two-day loss in U.S. stock market history.
• Advisors recommend maintaining a 10- to 20-year investment horizon and resisting short-term market timing.