Wisconsin Banking Update
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Most Savers Kept Money in 401(k)s
Posted on January 21st, 2010 No commentsOf more than 1,100 plan participants polled by Francis Investment Counsel LLC between July and December, 68 percent had not changed their 401(k) accounts in response to the financial crisis. Of the 32 percent that changed their 401(k)s, 18 percent reduced the amount contributed or stopped saving completely, the Milwaukee Journal Sentinel reported.
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