collage of people looking at phones and large compass behind with big word 401k (Photo: Shutterstock)

More than two years of a pandemic and the changing nature of work and yet 401(k) plan participants did not significantly change their investing behavior. A new T. Rowe Price report, The Q2 Reactions Report, says reactions to increased market volatility and inflation shows that participants have not changed their loan, distribution, or withdrawal behavior significantly, for example.

The report also notes that more than 99% of participants who invested fully in a target date product did not make an exchange, participants accessed three times more retirement planning and savings content than in the same period last year, longer-tenured employees’ average deferral rate is 48% higher than the average for new hires, and hiring and termination rates reached five-year highs in the first half of 2022.

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