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  2. DEFINED CONTRIBUTION
May 23, 2019 01:00 AM

DC plan participants held steady in 2018 despite volatile markets – report

Margarida Correia
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    Defined contribution plans will build upon and enhance plan design and investment menus in 2019. Read the story: Industry aims to build on things that already work

    Despite market volatility in 2018, most defined contribution plan participants stayed the course with their asset allocations, according to a report from the Investment Company Institute released Thursday.

    In 2018, 9.7% of DC plan participants changed the asset allocation of their account balances and 5.1% changed the asset allocation of their contributions. The results compare with reallocation activity levels of 9.3% and 5.5%, respectively, in 2017.

    Participants also remained committed to saving for retirement. Almost all kept contributing to their plans throughout 2018, with only 2.3% stopping contributions, down from 2.7% the previous year.

    Meanwhile, withdrawal activity remained low. Only 3.4% of DC plan participants took withdrawals in 2018 and even fewer — 1.6% — took hardship withdrawals, down slightly from 1.7% in 2017.

    Participant loan activity also remained flat. At the end of 2018, 16.7% of DC plan participants had plan loans outstanding, the same share as in 2017.

    ICI's report is based on DC plan record keeper data covering more than 30 million employer-based DC retirement plan participant accounts as of December 2018.

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    October 23, 2023 page one

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    • Topics
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      • SECURE 2.0
      • Special Reports
      • Washington
      • White Papers
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      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
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      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Influential Women in Institutional Investing 2023
      • Eddy Awards
    • ETFs
      • Latest ETF News
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      • Equities
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      • Commodities
      • Actively Managed
      • Alternatives
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    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • ESG Investing | Industry Brief
      • Innovation in ESG Investing
      • 2023 ESG Investing Conference
      • ESG Rated ETFs
      • Divestment Database
    • Defined Contribution
      • Latest DC News
      • The Plan Sponsor's Guide to Retirement Income
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • DC Plan Design: Improving Participant Outcomes
      • 2023 Defined Contribution East Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Research Center
      • The P&I Research Center
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      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
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      • View All Conferences
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