I had chosen to invest within my 401K Plan as my employer matches 50% of what i allocate for the plan; but since the economy was not getting better, i happened to loose some money as the stock price plummeted. I think i lost something like $300 within a couple of months.

Then i decided to go for 401K Saving (3% Annual Interest Instead). Doing this, i cannot loose any of my money and rather have a good decent interest on my savings. If economy gets better (which is unlikely) i would start investing again.

Talk to the customer service reps. At first they really do not want you to stick with fixed deposit as its not very profitable for them ( I think) but they have to do it anyways if you want.