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According to the Washington Post, the number of employees able to reach millionaire status in their workplace retirement plans has hit record levels.


  1. By how much did the number of Fidelity Investment 401(k) plans increase having $1 million or more over the 1st quarter of the year?
  2. Vanguard Investments also saw a spike in the number of millionaires by how much at the end of 2018?
  3. At Fidelity, how long has the average millionaire been contributing to his or her plan?
  4. What is the catch-up provision for workers older than 50? 


Singletary, M. (2019). The number of workers becoming retirement-plan millionaires hits record highs. The Washington Post, August 23 (Retrievable online at