More than three-quarters of 401(k) plan participants, or 77%, expect the U.S. stock market to improve or to at least fare at the same levels of 2002, according to a survey of 615 401(k) investors by Amvescap Retirement. Only 36% expect an uptick in the markets this year.

Nonetheless, 33% said they will increase their 401(k) contribution rate in 2003, and 54% said they would not change their contribution levels. Sixty-six percent said their 401(k) is their primary retirement savings vehicle.

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