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An Updated Look at 401(k) Participant Behaviors During the COVID-19 Crisis
MorningstarLink to more items from this source
Apr. 5, 2021

"[A]pproximately 3.0% of participants using retirement managed accounts stopped using their respective investment strategies during 2020 (that is, they began self-directing).... Among self-directors, ... roughly 13% changed equity allocations by more than 5% ... Participants self-directing their accounts who made allocation changes tended to move to more-conservative portfolios, especially during the first quarter of 2020[.]"

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