Most retirement savers stayed the course with their investments in the first quarter, despite market volatility, according to a recent study. The report compiled data from retirement plan participant activity in self-directed brokerage accounts. Overall, the average account balance across these accounts fell 6.25% in the first quarter compared with the previous quarter. However, savers did not make significant changes to their allocations. Outside of a slight increase in cash, overall holdings remained similar to the previous quarter. Savers held the majority of assets in equities (36%). Mutual funds were the second-largest holding at 29%, followed by ETFs (21%), cash (13%), and fixed income (1%), the report stated.