Fact-check · Nov 5, 2026 · Donald Trump
“Four zero one k's are at the highest they've ever been by far.”
FALSESaid in 3 broadcasts
Same claim as the one checked on Sep 28, 2026. Nothing in the record has changed since, so the verdict carries over. See the earlier check · How we keep verdicts consistent
What the record shows
Fidelity reports average 401(k) balances grew 11% in 2025; Vanguard median grew 16%. Five-year growth: 20%. Ten-year growth: 66% above 2015 levels. No period shows 100% doubling.
No official government series tracks aggregate 401(k) balances as a single metric. Claim is vague and unverifiable against standard economic data.
Sources
- The average 401(k) balance: See how you compare and learn how to stay on track for retirement
- 401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500 | Internal Revenue Service
- 401(k) Balances, Hardship Withdrawals Both Increase in 2025
- Understanding 401(k) Contribution Limits: 2025-2026 | SoFi
- Double-Digit Growth Again for 401(k), 403(b) Balances | PLANSPONSOR
- 401(k) Contribution Limits: 2024, 2025, and 2026
Every time it was said
3 times, Sep 10, 2026 to Nov 5, 2026 · 3 false
False
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