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Average Collected Balance: For business Accounts, the Average Collected Balance is calculated by adding the Collected Balance in the Account for each day of the period (monthly or other applicable period) and dividing that figure by the total number of days in that period.
The average IRA total balance in all a person's accounts increased more than 32% over those two years and the median balance increased 26.2%. The average individual account balance increased 22.9% and median increased 13.4%. In traditional and Roth IRAs, only 12% of people owning these accounts contributed money to them in 2010. The average contribution was $3,335.