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Alight Solutions is a leading provider of integrated benefits, payroll and cloud solutions. With more than 15,000 professionals across 29 countries, Alight provides leading-edge benefits administration and ERP technology and services to more than 3,250 clients including 50% of the Fortune 500. Alight’s combination of data-driven insights and technology expertise creates unique value for clients. Alight is a six-time member of IAOP’s Global Outsourcing 100. Learn how Alight drives better business outcomes and employee wellbeing for organizations of all sizes at alight.com.
401(k) investors were very active traders in the first quarter of 2020, particularly when Wall Street was reeling as the world was coming to grips with the COVID-19 pandemic. There were 29 days of above-normal1 trading activity, the highest for a quarter since the Alight Solutions 401(k) Index™ started in 1997. Trading activity almost universally saw investors moving money from equity funds to fixed income with 98% of net trading inflows for the quarter going to stable value, money market and bond funds.
First quarter observations:
Alight Solutions 401(k) Index™ statistics for Q1 2020 and year-to-date:
First quarter market observations:
Equity markets entered into bear market territory during the first quarter of 2020. Small U.S. equities (represented by the Russell 2000 Index) fell -30.6%, international equities (represented by the MSCI All Country World ex-U.S. Index) dropped -19.6%, and large U.S. equities (represented by the S&P 500) lost -19.6%. U.S. bonds (represented by the Bloomberg Barclays Aggregate Index) gained 3.2% for the quarter.
Members of the media: please contact Landis Cullen for questions about the Alight Solutions 401(k) Index™. Learn more about the Alight Solutions 401(k) Index™ here.