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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.
Participants in other age groups also moved closer to their retirement goals. Average 401(k) balances hit a record high of $80,900 at the end of the first quarter of 2013, almost twice their average balances of $46,200 during the market low in 2009.