Money

401(k) investors stay the course in first quarter

Posted on 13 May 2009

By Mark Miller

  • E-mail this story to a friend!
  • Print this article!
  • Digg
  • del.icio.us
  • NewsVine
  • Reddit
  • StumbleUpon
  • Facebook
  • TwitThis
  • LinkedIn

Fidelity Investment reported today that retirement savers kept investing in the first quarter, making very few changes in their contribution levels despite ongoing market turmoil. Fidelity has one of the industry’s largest customer bases, so its investment data provides an interesting lense into overall investor behavior.

Highlights:

–Ninety-seven percent of Fidelity 401(k) investors continued to make contributions, and nearly half were in touch with the company about managing their accounts.

–Average contribution levels remained stable compared with 2008.

–Two-thirds of contributions went into stocks, with only 5.2 percent exchanging one fund for the another.

Read more in The Boston Globe.

Related posts:

  1. State of the 401(k): It’s not as bad as you think
  2. Final tally on 2008 retirement accounts shows 24 percent drop
  3. Investors near retirement lag in recouping from crash
  4. Survey shows investors are confused about 2010 Roth conversions
  5. Retirement plans on cruise control are gaining speed

Tags |

Comments are closed.

The Hard Times Guide to Retirement and Security - Order Now!
Privacy Policy