401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2001

INVESTMENT COMPANY INSTITUTE®. PERSPECTIVE. Perspective is a series of occasional papers published by the. Investment Company. Institute, the national …

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401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2001 (Perspective, V9N2, March 2003)
Perspective is a series of occasional papers published by the Investment Company Institute, the national association of the American investment company industry. John Rea, executive editor; Craig Tyle, executive editor; Sue Duncan, managing editor.

401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2001
by Sarah Holden and Jack VanDerhei 1

plans. 4,5 Nevertheless, in aggregate, 401(k) plan participants continued to display a long-term investment strategy. At year-end 2001, about 45 million American workers held 401(k) plan accounts with a total of $1.75 trillion in assets. This issue of Perspective examines asset allocation, account balance, and loan activity of a large and representative group of 401(k) plan participants as of year-end 2001. 6 On average,

OVERVIEW AND SUMMARY The economic and financial environment
continued to be challenging in 2001, as the bear market dragged on and deepened after the terrorist attacks on September 11. 2 The end of the year witnessed the beginning revelations of corporate fraud and a series of bankruptcies, 3 leading to concern about the use of company stock in 401(k)

asset allocation was little changed over previous years. While broad equity market indexes fell 12 percent in 2001, continuing contributions into 401(k) plans as well as diversified asset allocation generally muted the impact of the poor market performance on participants\’ account balances. The average account balance fell 4 percent in 2001 among participants with accounts at year-end

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