Fidelity® Q3 2025 Retirement Analysis: Retirement Account Balances Continue to Climb, Roth Savings Vehicles Gain Increasing Interest Among Younger Savers

401(k) savings rates – combining employer and employee contributions – remain steady

More than 9,200 Fidelity 401(k) plans have adopted Auto Portability since 2022

According to Fidelity Investments^®’ latest Q3 2025 retirement analysis, average 401(k), IRA and 403(b) account balances reached new record highs in Q3, driven by consistent savings and positive stock market performance. The average 401(k) balance increased 5% from its previous record high in Q2 and marked the sixth quarter-over-quarter average balance increase in the last eight quarters (since Q3 2023). Despite ongoing concerns about the strength of the economy, both 401(k) and 403(b) participants were able to maintain steady savings rates through the third quarter.

Of note, Roth savings vehicles are increasing in interest among retirement savers, particularly among younger generations, likely in large part due to their tax-efficiency over the long term. Third quarter’s data shows 20% of Gen Z 401(k) participants are choosing to contribute to a Roth 401(k). Similarly, Roth IRAs continue to be the IRA of choice among younger savers, with Gen Z investing 95% of their contributions in Roth accounts (rather than a traditional IRA).

“Americans are continuing to exhibit impactful savings behaviors such as staying the course and focusing on long-term goals, which clearly is having a positive effect on retirement savings,” said Sharon Brovelli, president of Workplace Investing at Fidelity Investments. “To see balances and saving behaviors increase across all savings vehicles is encouraging, especially as savers continue to navigate an uncertain economic environment.”

As one of the country’s leading workplace benefits providers¹ and America’s No. 1 IRA provider², Fidelity’s latest analysis of savings behaviors and account balances for more than 52 million IRA³, 401(k)⁴, and 403(b)⁵ retirement accounts can be found here.

This quarter’s retirement analysis also spotlights the increasing adoption of “Auto Portability” – an automatic rollover service for employees moving small retirement savings from one employer to another. As a founding member of the Portability Services Network (PSN) – a consortium of service providers accelerating the adoption of Auto Portability – Fidelity has been committed to helping workers retain their retirement savings when changing employers. Since going live in October 2022, more than 9,200 Fidelity 401(k) plans have adopted Auto Portability, resulting in $24 million in retirement savings preserved in Fidelity 401(k) plans⁶.

“Retirement is about taking a long-term view, and the growing interest in Roth products shows that investors recognize their potential for tax advantages and long-term growth,” says Robert Mascialino, president of Wealth at Fidelity Investments. “By creating a plan and saving consistently, investors of all ages are positioning themselves for a financially secure retirement.”

Additional details and insight on retirement trends and data can be found in Fidelity’s latest quarterly edition of “Building Financial Futures” as well as the Workplace Insights hub, which explores original research, data-driven insights, and the latest industry trends.

About Fidelity Investments

Fidelity’s goal is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve. Fidelity’s strength comes from the scale of our diversified, market-leading financial services businesses that serve individuals, families, employers, wealth management firms, and institutions. With assets under administration of $17.5 trillion, including discretionary assets of $6.8 trillion as of September 30, 2025, we focus on meeting the unique needs of a broad and growing customer base. Privately held for 79 years, Fidelity employs more than 78,000 associates across the United States, Ireland, and India. For more information about Fidelity Investments, visit https://about.fidelity.com/.

Keep in mind that investing involves risk, including the risk of loss. The value of your investment will fluctuate over time, and you may gain or lose money.

Past performance is no guarantee of future results.

Views expressed are of the date indicated, based on the information available at that time, and may change based on market or other conditions. Fidelity does not assume any duty to update any of the information.

Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.

Portability Services Network (PSN) is an independent consortium of workplace recordkeepers that facilitates the matching and rollover of employee workplace retirement accounts for the benefit of plan participants.

PSN is not affiliated with Fidelity Investments or its affiliates.

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