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Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise.
Fidelity is the country’s largest administrator of 401(k)s, overseeing 23,000 plans. Workers plow part of their paycheck in the plans every pay period, often getting a match from their employers. Contribution limits are $20,500 in 2022 with an additional $6,500 for workers over age 50.