US 401(k) retirement plans lost $72bn (£50.2bn) in 2000, according to a new report from Cerulli Associates.
In the report, Cerulli claim that for the first time ever, 401(k) plan assets shrank, with the $72bn loss leaving assets down to $1.766tr (£1.231tr). Cerulli attribute this to the decline in equity...
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