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Administration November 12, 2001
Participants Say They'll Stay the Course
December 11, 2001 (PLANSPONSOR.com) -More than
two-thirds of active 401(k) investors (71%) say they plan to
maintain their current investment strategy, according to a
new Fidelity survey.
Reported by editors@plansponsor.com
Roughly a third see a buying opportunity in the recent market downturn, saying they will increase their current 401(k) contribution amounts.
The Fidelity survey also found that two-thirds (67%) of the 401(k) investors who called in plan to keep the percent of their assets invested in equities the same, while 22% plan to increase their commitment to stocks.
The survey was based on interviews with 370 plan participants who called Fidelity phone representatives from October 11 to November 5.
– Nevin Adams editors@plansponsor.com