51% of plan participants question traditional retirement savings

Published Updated 2 Min Read

In the wake of economic and stock market volatility, many 401(k) investors are questioning the wisdom of 401(k), 403(b) and 457 plans, a survey by Allianz Life Insurance Company finds.

A perhaps even more startling finding: 27% of non-retiree plan participants said saving money under their mattress is the safest place to put it.

Lee Barney
Editor-In-Chief

Lee Barney has been the editor of Money Management Executive since 2002 and has been writing about Wall Street since 1993. Previously, at United Media’s Wall Street & Technology magazine and … Read full bio


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