The average 401(k account balance showed a considerable increase at the end of 2010, as per one new study released by Fidelity Investments. On average, accounts held seventy one thousand five hundred dollars during the year, which was the highest average account balance disclosed by Fidelity in ten years.

Accounts were up by eleven percent from the year of 2009

Partnering to take advantage of a foreseeable increase in initial public offerings (IPOs), the New York-based private equity firm Kohlberg Kravis Roberts (KKR) has decided to sell shares of its private-equity companies through the Boston-based mutual fund bigwig Fidelity Investments.

With the effects of the market meltdown, World’s largest Mutual fund manager Fidelity Investments has decided to cut 1,700 more jobs in the first three months of 2009 in the latest round of cost cutting,