Money

401(k) investors stay the course in first quarter

Posted on 13 May 2009

Mark Miller
Mark Miller
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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. Investors near retirement lag in recouping from crash
  2. This weekend: Are young retirement investors abandoning stocks?

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