Storm-tossed stock markets and a cloudy economic outlook have 401(k) plan participants seeking safe harbors such as bond and stable value funds for their savings.

In reaction to flat or declining stock prices, 28% of plan participants shifted a portion of their retirement assets into less volatile investments such as bond and stable value funds in the second quarter, according to the Principal Financial Group, which surveyed 1,200 participants. This asset flow to stable value is double the rate of the first quarter, the Principal reports.

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