Money

401(k) impact from crash depends on age, job tenure

Posted on 16 September 2009

Mark Miller
Mark Miller
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The impact of last year’s market crash on 401(k) account balances varies dramatically, depending on investors’ age and the length of job tenure. The Employee Benefit Research Institute, which tracks account balance data, reported striking data today continuing to show wide variation a year after the crash. Employees on the job less than five years are showing very large gains, no matter the age group. On the other end of the spectrum, older workers with long job tenure are showing losses in their accounts–although this year’s market gains have reduced the percentage drops substantially.

Here’s how it breaks out across age group and job tenure:

ebri-acct-balances

Related posts:

  1. How health reform will impact retiree benefit programs
  2. What have we learned from the crash?
  3. Investors near retirement lag in recouping from crash
  4. Who got hit worst in the market crash - and can victims catch up?

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