Out of the four demographic factors we assessed, grouping the respondents by age showed the smallest discrepancy between the average and median balance numbers. (valuepenguin.com)
Recent data from Judy Diamond Associates, a provider of 401 (k) analytic tools, shows there are about 481,000 plans with a median balance at or below $ 58 million in assets. (thinkadvisor.com)
For example, say you have $ 5,200 in your savings account — the median balance according to ValuePenguin. (valuepenguin.com)