The Impact of the Recent Financial Crisis on 401(k) Account Balances

written by trigon
04-01-2009
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During 2008, major U.S. equity indexes were sharply negative, with the S&P 500 Index losing 37.0 percent for the year, which translated into corresponding losses in 401(k) retirement plan assets. But how individual 401(k) participants are affected by the crisis is largely determined by their account balance, age, and job tenure.

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