Average 401(k) balance fell 3 percent in first quarter: Fidelity

Dramatic market shifts this year amid President Trump's fluctuating tariff policies and growing recession fears have taken a toll on retirement accounts, according to a first quarter investment analysis released Thursday.

Fidelity Investments, the largest provider of 401(k) plans in the U.S., found average 401(k) balances fell 3 percent, hitting $127,100, even as savings rates rose, and the average individual retirement account (IRA) balance fell 4 percent to $121,983.

Fidelity...