401(k) Specialist Issue 1 - 2021 - 8

401(k) NEWS YOU CAN USE
401(k) Firm Merger Mania Will Continue:
M&A Expert Darian
SPEAKING WITH DICK DARIAN is always a master's education
in industry M&A, and the environment he currently describes only
adds to the excitement.
" The deal flow is off the charts, " Darian, partner and co-founder
of independent consulting firm Wise Rhino Group, says with a bit
of wonder. " If you think about fear and love ruling the world, there
was definitely a lot of fear out there. The pandemic gave people a
chance to stop and reflect, but it also incented them to figure out
what to do next. "
He counts 2018 as the beginning of the recent M&A frenzy, kicking
off with firms like Sheridan Road and a few others. Still, he believes
2020 was the first move towards significant deal flow on the retirement
side when compared with what's traditionally seen on the
wealth and benefits side.
" I thought after last year the multiples would settle back down,
but they actually went up this year, " Darian conduces. " If you look at
the multiples right now, they are at an all-time peak and have gone
up from the end-of-year-deals last year. "
Reason No. 643 Not to Time the Market
IN 2020, 401(K) INVESTORS were busy trading out of equities as
stocks were falling and slowly returned to them after their rebound.
This unfortunate behavior is shown in the recently released fullyear
2020 observations of the Alight Solutions 401(k) Index, which
found net transfers for the year as a percent of balance was 3.51%,
the highest level since 2008.
The year had 47 days of days of above-normal activity, with 26
of these days occurring during a six week stretch from the end of
February to early April when the world was coming to grips with the
COVID-19 pandemic.
" In some ways, there was a full market cycle in 2020, " said Rob
Austin, head of research at Alight Solutions. " 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 20year
history of the Alight Solutions 401(k) Index. "
ONLINE
EXTRA
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ISSUE 1 2021 | 401kSpecialist.com
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401(k) Specialist Issue 1 - 2021

Table of Contents for the Digital Edition of 401(k) Specialist Issue 1 - 2021

Table of Contents
401(k) Specialist Issue 1 - 2021 - Cover1
401(k) Specialist Issue 1 - 2021 - Table of Contents
401(k) Specialist Issue 1 - 2021 - 1
401(k) Specialist Issue 1 - 2021 - 2
401(k) Specialist Issue 1 - 2021 - 3
401(k) Specialist Issue 1 - 2021 - 4
401(k) Specialist Issue 1 - 2021 - 5
401(k) Specialist Issue 1 - 2021 - 6
401(k) Specialist Issue 1 - 2021 - 7
401(k) Specialist Issue 1 - 2021 - 8
401(k) Specialist Issue 1 - 2021 - 9
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401(k) Specialist Issue 1 - 2021 - 44
401(k) Specialist Issue 1 - 2021 - 45
401(k) Specialist Issue 1 - 2021 - 46
401(k) Specialist Issue 1 - 2021 - Cover3
401(k) Specialist Issue 1 - 2021 - Cover4
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