US Workers' 401(k)s Fell 30% Last Year - Report

American workers with 401(k) accounts saw their savings ravaged during 2008's bear market, though people with accounts for at least five years saw smaller declines, according to a report by the Employee Benefit Research Institute and the Investment Company Institute.

The average account balance for all participants in the EBRI/ICI 401(k) database at the end of 2008 was $45,519, down...