Trading activity among 401(k) investors was noticeably quieter in the second quarter of 2018 than it was in the first quarter, according to the Alight Solutions 401(k) IndexTM. The second quarter had six days of above-normal1 trading activity —down from 23 days in the first quarter.
Second quarter observations:
- Even though there were fewer days of above-normal activity, the net transfers for the second quarter were slightly higher than the first quarter. In total, 0.46% of balances were transferred in the second quarter, compared to 0.43% of balances in the first quarter
- More than half (38 out of 64) of trading days in the second quarter had net trading dollars moving from equities to fixed income. The first quarter, by contrast, had more than half (32 out of 61) of trading days move from fixed income to equities
Alight Solutions 401(k) Index™ statistics for Q2 2018 and year-to-date: