Defined contribution plan participants favored investments in fixed income in February, a reversal of trends from the past four months, according to Aon Hewitt's 401(k) Index.
Net transfer activity for February moved slightly away from diversified equities by $21 million, but total transfer activity across the Index was low, at $264 million.
Employees who made discretionary contributions to equities increased to 66.5 percent in February, up from 65.6 percent in January.
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