Investing
Market Turmoil Pushes 401(k) Trading to Highest Since March 2020
Anxious retirement savers made changes to their accounts as equities tanked and volatility soared Monday.
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Many retirement savers Monday ignored the axiom that it’s a bad idea to check your 401(k) when markets are plunging. In fact, some couldn’t fight the urge to trade in their accounts.
Trading in 401(k)s was more than eight times the average daily volume, and the highest since March 12, 2020, according to the Alight Solutions 401(k) Index. Back then, pandemic jitters sent trading volumes to 12.4 times the average.