New entrants into the labor force who started work 3 years ago came into a great environment. They started contributing to their 401ks at severely depressed stock prices throughout 2008 and early 2009 and picked up stocks on the cheap. That's the good news. The bad news is that because they were starting out they didn't have much invested and most weren't contributing much :)
Those who were within 3 years of retiring and were pouring funds into the market and taking advantage of 401k catch up features did well. Those who retired exactly 3 years ago went through a rough period. It is why decumulators need to plan on how to draw a paycheck off their nest egg.
|Source:AAII Journal Vol. XXXIII,No.2/Morningstar|