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Finance is moving to the Cloud ...are you ready?
The Advantages for Health Saving Accounts (HSAs): Employees find balance between health and wealth
The Advantages fo Health Saving Accounts (HSAs): Employees find balance between health and wealth
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FEATURED CASE STUDIES
Curtiss-Wright: Increasing utilization and satisfaction with an integrated benefits platform
Pathway Vet Alliance: Thriving in the cloud with Alight and Workday
In 2020, 401(k) investors were busy traders out of equities as stocks were falling and slowly returned to them after their rebound. Net transfers for the year as a percent of balance was 3.51%, the highest level since 2008. The year had 47 days of days of above-normal1 activity, with 26 of these days occurring during a six week stretch from the end of February to early April when the world was coming to grips with the COVID-19 pandemic.
“In some ways, there was a full market cycle in 2020. There was a steep drop in March followed by a sustained recovery throughout the remaining months of the year. Unfortunately, we saw many investors repeat the unfortunate trend of selling low and buying high that has been shown repeatedly throughout the more than 20-year history of the Alight Solutions 401(k) IndexTM. The busiest days for trading were when the stocks were tumbling, and the trades overwhelmingly went from equities to fixed income. It wasn’t until the end of the year—when the market was setting new record highs—that investors traded back into equities.” – Rob Austin, head of research at Alight Solutions.
After reflecting contributions, trades, and market activity, 401(k) investors ended 2020 with 67.7% in equities, down slightly from 68.1% at the beginning of the year.
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.