Survey Says Households Stick With 401(k)s By Sarah N Lynch WASHINGTON—Despite the turmoil during the financial crisis, 401(k) plans are still performing well and American investors didn't exhibit many signs of panic during the greatest economic downturn in decades, mutual-fund industry leaders said Friday. On the contrary, balances today in defined-contribution plans have recovered, fewer investors than expected withdrew funds during the crisis, and a majority of investors still have confidence in their 401(k) plans, industry research suggests. "Savers are sticking with a 401(k) plan," said John Brennan, the chairman emeritus at Vanguard, who said stories in the media portraying the behavior of 401(k) investors during the crisis were inaccurate. "There has been no panic in defined-contribution investors." Ready the entire article here
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