As the stock market remains choppy and we trying to figure out whether we are in a recession, it’s important to remember that participants will continue to make bad investment decisions.

Surveys will indicate that participants will withdraw from equity and put past contributions and new contributions into fixed income. Why? Because that’s what they do. They panic and they lock in their losses. They forget that retirement savings are a marathon, not a sprint.

Again, this would be a great time for a plan sponsor to contact their advisor and make sure that participants aren’t locking in their losses.