Alight Solutions 401(k) Index™: September 2021 Observations

401(k) investors remained light traders in September, according to the Alight Solutions 401(k) Index^TM. During trades, investors tended to move money from equities to fixed incomes. There were no days with above-normal¹ trading activity.
        
September observations:        
•    On average, 0.009% of 401(k) balances were traded daily.
•    19 of 21 days favored fixed income funds.

Asset classes with most trading inflows in September

Asset classes with most trading outflows in September

September investment portfolios:

• After reflecting market movements and trading activity, average asset allocation in equities decreased from 70.2% in August to 69.8% in September.
• New contributions to equities increased from 69.3% in August to 69.4% in September.

Asset classes with largest percentage of total balance at end of September

Asset classes with most contributions in September

Returns for common indices

1. 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.