Older public-sector defined contribution plan participants tend to allocate more of their DC assets to stable value funds vs. younger employees, according to the Public Retirement Research Labs’ 2024 State of Public-Sector DC Plans report. The PRRL is a collaboration between the Employee Benefit Research Institute and National Association of Government Defined Contribution Administrators.
Those between 60 and 69 years old had 19.5% (participant weighted) allocated to stable value funds vs. 3.7% for those 20 to 29 years old. It was 4.3%, 8.3% and 12.6% for those in their 30s, 40s and 50s, respectively.
