Anything But Certain
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New report to better understand how participants contributing to 401(k) plans have reacted to recent market conditions
J.P. Morgan Retirement Plan Services invites you to view a newly released research report based on a survey that was completed this past spring. The study was designed to better understand how individuals that are contributing to 401(k) plans have reacted to recent market conditions. The research was conducted online within the United States among 1,000 respondents.
The findings are organized into three sections. Section one provides an up-to-date picture of the current retirement savings landscape as seen through the eyes of those doing the saving. Section two examines the impact of a poor economy on participants’ financial priorities and how current conditions may impact their ability to meet retirement financial goals. The last section takes a closer look at how 401(k) participants chose to handle the recent decline in stock prices and where they stand with regard to long-term investing as they look ahead into their financial future.
Highlights from the study include:
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Participants embrace the responsibility of being in control of their retirement, without the confidence to succeed.
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Few participants believe they are on track to retire comfortably.
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With all of the scrutiny and urgency on disclosure and providing information, most participants admit they don’t read what they’re given.
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The majority of participants have a higher level of confidence in their own decision-making over those who trust their employer and the government.
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The majority of participants indicated the discontinuation of the match would not affect their own contributions.
To obtain a copy of the report, we invite you to download the PDF.
For questions, please email Retirement_Insights@JPMorgan.com.
For questions regarding your personal 401(k) plan, contact your 401(k) plan provider.
IRS Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.