The third quarter of 2018 had no days of above-normal
1 trading activity, according to the Alight Solutions 401(k) Index
TM. Since the inception of the 401(k) Index in 1997, this is only the second time that a quarter experienced no days of above-normal trading activity.
The only other time this happened was the first quarter of 2017. Alight’s data indicates that as stock values have increased, 401(k) investors have not been spurred to make trades, but are staying the course with their investment strategy.
Third quarter observations:
- With zero days of above-normal activity, the transfers for the quarter, 0.42%, were the lowest since second quarter 2017
- More than two-thirds (43 out of 63) of trading days in the third quarter had net trading movement from equities to fixed income