A study released last week by two investment industry groups said that 401(k) participants did not significantly alter their 401(k) accounts as equity markets plummeted last year.

The study, conducted by the Investment Company Institute and the Employee Benefit Research Institute, pulled data from the Participant-Directed Retirement Plan Data Collection Project, a database that contains information about 11.8 million active 401(k) plan participants in 35,367 plans, constituting some $579.8 billion in assets.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.