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401(K) BALANCES FELL IN 2008 BEAR MARKET

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FINANCIAL ADVISERS back to topic

401(K) BALANCES FELL IN 2008 BEAR MARKET

Washington, DC, October 6, 2009 - American workers who held 401(k) accounts consistently from 2003 through 2008 suffered a 24.3 percent average drop in their account balance during 2008’s bear market, according to a report released today by the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI).

ici.org. Added by Lauren Young on October 6, 2009

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Reactions to 401(K) BALANCES FELL IN 2008 BEAR MARKET

Lauren Young shared a reaction in Retirement Strategies 49 days ago

“Scary: Nearly 7% of 401(k) investors had more than 80% of their account balance invested in company stock.”

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Lauren Young shared a reaction in Retirement Strategies 49 days ago

“The typical 401(k) investor had 56% of their assets invested in equities via funds and company stock in 2008.”

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Lauren Young shared a reaction in Retirement Strategies 49 days ago

“The average 401(k) account balance was $86,513 at year-end 2008.”

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Lauren Young shared a reaction in Retirement Security, Recession Spending and Investing, Employee Benefits, Financial Advisers, Retirement Strategies 49 days ago

“U.S. workers suffered a 24.3% average loss in their 401(k) accounts in 2008, EBRI/ICI say.”

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