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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:
Alight Solutions 401(k) Index™ statistics for Q3 2018 and year-to-date:
The third quarter was mostly positive for investors. Large U.S. equities (represented by the S&P 500 Index) up 7.7%, and small U.S. equities (represented by the Russell 2000 Index) up 3.6%. International equities (represented by the MSCI All Country World ex-U.S. Index) saw less of an increase at 0.7% and U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) broke even for the month with a slight net gain of less than 0.1%.
Members of the media: please contact MacKenzie Lucas for questions about the Alight Solutions 401(k) Index™.
Learn more about the Alight Solutions 401(k) Index here.
A “normal” level of relative transfer activity is when the net daily movement of participants’ balances as a percent of total 401(k) balances within the Alight Solutions 401(k) Index™ equals between 0.3 times and 1.5 times the average daily net activity of the preceding 12 months. A “high” relative transfer activity day is when the net daily movement exceeds two times the average daily net activity. A “moderate” relative transfer activity day is when the net daily movement is between 1.5 and two times the average daily net activity of the preceding 12 months.
Target date funds also include the amounts in target risk funds. The amount in the target risk funds is less than 10% of the total.