BOSTON (AP) ? Employee 401(k) accounts grew nearly 8 percent last quarter as a surging stock market boosted investment returns and worker contributions increased. Investment earnings and contributions can grow tax-free in an employer-sponsored 401(k) account, which is a key reason why they're a popular way to save for retirement. The stock meltdown in 2008 sent the average account balance down to $46,200 by the time the market hit bottom in March 2009. [...] the average balance has risen 10 of 12 quarters, growing a cumulative 61 percent.
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