In September, trading in 401(k) plans was among the lowest on record, according to the Alight Solutions 401(k) IndexTM. Net daily trading activity for the month was 0.0119% of balances, the second lowest month since the Index’s inception in 1997 and the lowest month since July 2017 (0.0118%).
For the third consecutive month, September had no days of above-normal1 trading activity. In the more than 20-year history of the 401(k) Index, this is only the second time that three consecutive months have experienced no days of above-normal trading activity. The only other time this happened was January through March of 2017.
September observations:
- In September, 15 of 19 days favored fixed income funds
- On average, 0.012% of 401(k) balances were traded daily
The Alight Solutions 401(k) Index™ statistics for the month of September 2018: