Few investors changed their saving or investing habits in 2008, Hewitt Associates reports, citing data from 2.7 million participants. However, equity fund allocations reached record lows.

Last year, only 11% of 401(k) participants broke even or saw modest gains. Forty-four percent lost 30% or more of their 401(k) savings, which dropped an average 28% from $79,600 at the end of 2007 to $57,200 at the end of last year.

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