There was also a slight uptick in trading during June.
Statistics about disparities may reveal what is happening among plan sponsors’ own workforces.
Understanding each generation’s attitudes and concerns is key to knowing the right retirement savings education and tools to offer.
Those who did trade favored fixed income, according to the Alight Solutions 401(k) Index.
New data shows that the coronavirus pandemic is having a negative effect on small business employees, especially women, only adding to their retirement savings shortfall.
Stable value funds took in 64% of the inflows and money market funds, 24%, according to the Alight Solutions 401(k) Index.
Investors continue to favor fixed income, the Alight Solutions 401(k) Index finds.
Participants were “less reactionary” in their trading activity and, though they moved to fixed income for most of the year, contributions and returns increased equity holdings.
There are common and advanced approaches retirement plan participants can take to derail data breaches and retirement account fraud.
With competing financial priorities, Generation X can benefit from automated savings, savings education and access to a financial adviser.
October saw gains broadly for capital market indices, but for 401(k) plan participant transfers, 21 out of 23 days saw net trading move from equity to fixed income.
Additional benefits and loan policy changes can keep participants from taking loans while other strategies can prevent loan default.
Surprising actions from retirement plan TDF investors offer lessons for plan sponsors and indicate a need for more innovation in TDF design.