Fidelity analyzed its 17,095 corporate 401(k) plans, which represent more than 11 million participants.
The firm found that 2008 participants contributed an average of $5,600 in pre-tax earnings to their 401(k) accounts--slightly higher from the 2007 average of $5,500.
We spill a lot of pixels complaining about the state of disrepair in which our retirement savings system finds itself. It's nice to see a little bit of good news, especially insofar as participants' contributions can take advantage of depressed asset prices.
Lisa Shidler, "Workers upped 401(k) contributions in '08," InvestmentNews, January 28, 2009