Participants Tilt Back Toward Stocks At Week's End

October 2, 2001 ( - At the end of the second full week of trading, participants were back within normal levels, and heading back toward stocks, according to the Hewitt 401(k) Index.

US stock markets slipped back on profit-taking on Wednesday, and participants in the Hewitt Index favored fixed income, on a net basis. Then on Thursday’s market rebound, participants were drawn to equities on a net basis, as they were on Friday. Participant trading levels for all three days were within normal trading ranges but only a bit more than half the usual level.

As a percentage of total balances, just 0.5% of the $71 billion tracked by the index moved on September 26, while just 0.4% moved on each of the last two trading days of the quarter.

The Hewitt Index tracks the investment activity of 1.5 million participants in 401(k) plans.