It seems that October was a light trading month for 401(k) plan participants, according to the Alight 401(k) Index.
Just 0.012% of 401k balances were traded daily. Trading inflows mainly went to stable value, money market and bond funds. Outflows were primarily from target date, company stock and large U.S. equity funds.
The asset classes with the largest percentage of total balance at the end of October were target date funds at 29%, large U.S. equity funds (26%) and stable value funds (10%). Target date funds accounted for 50% of contributions in October, followed by large U.S. equity funds (20%) and international equity funds (7%).
