Participants in 401(k) plans transferred $98 million to equity funds from fixed-income investments in April, according to the Hewitt 401(k) Index. During April, large-cap U.S. equity funds received positive net inflows of $7 million. Company stock experienced the greatest outflow among asset classes, at more than $315 million. Outflows of balanced funds totaled $217 million.
Stable value funds had the highest net inflows in April at $230 million.