Investors in 401(k) plans didn't do a lot of trading within their accounts in September, according to the latest 401(k) Index by Aon Hewitt.
Daily transfer volumes averaged 0.026 percent of balance totals per trading day in September, just slightly below the 12-month average. There were only three days that experienced above-normal levels of trading.
According to Aon, a September statement by the Federal Reserve stating that it would not begin tapering its monthly bond-buying program had a positive impact on the equity and bond markets. The S&P 500 returned 5.2 percent during the period and non-U.S. equity indices also posted positive results. The fixed-income markets experienced rising yields for most of the third quarter, but the Fed's announcement provided a boost as prices rallied and yields declined, helping to bring the fixed-income markets into positive territory for the third quarter, the company found.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.