The median U.S. pension plan returned 2.01% for the quarter ended Sept. 30, compared with 4.21% for the previous quarter, according to the Wilshire Trust Universe Comparison Service. The median corporate plan return was 2.04%, while the median public plan return was 2.16%. Annualized median returns for the one-, three- and five-year periods ended Sept. 30 were 14.29%, 12.38% and 13.26%, respectively.
Hilarie C. Green, managing director and head of Wilshire Analytics performance reporting division, said larger plans had greater returns on investments because of higher allocations to alternative investments. The median quarterly return for master trusts with assets greater than $1 billion was 2.29%, beating the median for all trusts by 28 basis points.
The TUCS universe includes roughly 1,450 plans with a combined $3.12 trillion in assets.