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.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.