Key Findings Details
The Inattentive Participant: Portfolio Trading Behavior in 401(k) Plans
Olivia S. Mitchell, Gary R. Mottola, Stephen P. Utkus and Takeshi Yamaguchi
- 80% of participants do not trade at all.
- 11% make a single trade over two years.
- Very few participants trade actively and tend to be affluent older men with higher incomes and longer job tenure.