Spidey Saves the Day: 401(k) Savings Rates Hit Record High

Spidey's Punchline:

Looks like everyone's tossing some extra dough into their web of retirement savings!

Slinging Savings Around:

The combined 401(k) savings rate soared to 14.2% inching closer to Fidelity's 15% recommended benchmark for retirement bliss.

Web Warrior Wisdom:

"With great savings comes great financial security," as Uncle Ben always said. Or maybe that was me fighting bad guys hard to keep track.

Spin a Retirement Web:

Fidelity suggests a total retirement savings rate of at least 15% to keep your Spidey sense sharp in golden years.

Saving the Day Bit by Bit:

While employees pumped in 9.4% companies chipped in 4.8% on average. It's like teamwork only with retirement plans and less spandex.

Spidey Sense Advice:

"If you can't hit 15% at least swing by to grab your full company match," wise words from Fidelity's own thought leader Mike Shamrell.