A lot people where I work started down-sizing what they were contributing as well since we've only seen a down-turn.  I haven't checked my retirement account lately and I really don't wish to.  It's money my employer puts in and that's it.  Sad thing is we just switched to this type of account last January (a year ago) and then everything went sour.  ppl were not happy cause we had a regular IRA which was at least not losing money.