By Staff Report
Jul. 17, 2009
Participants in 401(k) plans moved $270 million into equities from fixed-income investments in June, according to Hewitt Associates’ 401(k) index.
Total equity allocations rose to 53.6 percent of all 401(k) assets, from 49 percent in March, Hewitt said in its monthly report.
International funds received 20.7 percent of all inflows in June, or $63.7 million, while lifecycle funds received 19.5 percent, or $60.2 million.
Stable-value funds experienced the most outflows for the month, with $250 million. That represented 82.8 percent of all outflows.
According to Hewitt, 23.4 percent of participant-only contributions went into stable-value funds, while 21.9 percent went into lifestyle funds, and 16.9 percent into large-cap U.S. equity funds.
For overall contributions, 21.6 percent were invested in stable value, 21.3 percent were invested in lifestyle funds, and 15.6 percent moved into large-cap U.S. equity funds.
We build robust scheduling & attendance software for businesses with 500+ frontline workers. With custom BI reporting and demand-driven scheduling, we help our customers reduce labor spend and increase profitability across their business. It's as simple as that.
Time and Attendance8 ways to reduce overtime and labor costs
Summary Excessive overtime can negatively impact employee happiness and productivity. The labor costs a...
labor costs, overtime, scheduling, time tracking, work hours
ComplianceExempt vs. non-exempt employees: knowing the difference
Summary Employees are exempt from FLSA requirements when they meet specific exemption criteria based on...
Department of Labor, exempt employees, Misclassification, non-exempt employees
Employee Engagement12 practical employee appreciation ideas for better engagement and retention
Summary Showing appreciation to your employees improves engagement and retention. There are 12 practica...
employee appreciation, engagement, HR, raccoons