A Northeastern insurer says most participants in the 401(k) plans it runs are now bullish on the stock market.
Market researchers at Massachusetts Life Insurance Company, Springfield, Mass., found an increased level of optimism when they reviewed results from a survey of about 1,000 participants in MassMutual retirement plans. The survey period from ran from Nov. 15, 2009, to Jan. 15.
Overall, about 76% of the participants said they are optimistic about the stock market and believe that performance will improve in the next 12 months. Only 7.6% predicted that the market will decline.
Although 40% of the participants said they have become more conservative in allocating assets, 33% said they have become more aggressive.