Investment firm Fidelity reported in its first-quarter report for 2025 that 401(k) balances are down 3% on average and IRA accounts are down about 4%.

Sharon Brovelli, Fidelity President of Workplace Investing, said in a release that the slight downturn in balances can be attributed to “market swings.”

Bovelli said the Q1 report showed that despite challenges facing retirement savers, “it’s encouraging to see people take a continuous savings approach which focuses on their long-term retirement goals.” That is noted in the report, indicating the “401(k) savings rate increased to a record 14.3%.”

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