Study: 401(k) participation increased in '08 despite market woes

06/12/2009 | CFO.com

Automatic enrollment programs and other factors led to an increase in 401(k) enrollments last year, according to a study by Charles Schwab. The increase, from 73% of eligible employees in 2007 to 77% last year, comes despite the market slide that wiped out big portions of those accounts. Other factors for the increase could be uncertainty about other retirement savings vehicles and "just plain laziness," according to this article.

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