Despite the plummeting economy, most 401(k) participants are staying calm and behaving normally, according to 2008 year-end data from the Investment Company Institute.

"These tough economic times are impacting all forms of retirement savings, including 401(k) accounts," said ICI President and CEO Paul Schott Stevens. "Nonetheless, the latest survey data indicate that 401(k) participant activity through the end of 2008 was in line with historical norms. Working Americans continue to demonstrate their commitment to the 401(k) system."

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