On the eve of “401(k) Day,” Sept. 11, themed “Make Wise Choices” this year, the Profit Sharing/401(k) Council issued a statement praising the 401(k) as “an island of stability during the current economic crisis.”

David Wray, president of the council, noted that unlike many other investors, 401(k) participants have continued to save and invest for the long term, even in the face of tremendously challenging times. In fact, in the second quarter, Fidelity found that 5% of its 11.2 million accounts, or some 560,000 people, had increased their contributions, while only 3% had reduced them.

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