Rob Austin | Source | Vice President & Head of Research at Alight Solutions
Rob Austin
Vice President & Head of Research at Alight Solutions
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401(k) Participants Endured 2020 Roller Coaster
It was an up-and-down year for the markets, rewarding those who stood pat, but it appears that some 401(k) plan participants broke the cardinal rule about selling low and buying high.
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In some ways, there was a full market cycle in 2020. There was a steep drop in March followed by a sustained recovery throughout the remaining months of the year. Unfortunately, we saw many investors repeat the unfortunate trend of selling low and buying high that has been shown repeatedly throughout the more than 20-year history of the Alight Solutions 401(k) Index
