Transfers Take Vacation in August

September 11, 2000 ( - Plan participants were content to leave well enough alone in August, with quiet trading reported by the Hewitt 401(k) index.

There were no “above normal” trading days during the month, compared with six in July and 13 in June.

Of the 22 trading days, all were within “normal” parameters, except for August 16 where trading volume was actually “low” (80% below normal).

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On thirteen of the trading days, participants had a net movement into fixed income from equity, despite generally good fund and index returns during the month. 

In fact, on six of the 22 trading days, transfer activity was more than 50% below normal levels.

The Hewitt 401(k) index is based on data collected daily from 1.5 million 401(k) participants with approximately $68 billion in collective assets.

– Nevin Adams