Pensions & Investments just launched a beta version of a corporate defined contribution investment lineup database.
The universe consists of corporate defined contribution plans in the Pensions & Investments Top 1,000 plan sponsor list. The database is limited by disclosure. Sponsors that list assets by individual securities and not investment options are excluded.
Currently, the database has 285 plan sponsors with more than $1.2 trillion in plan assets and over 7,500 individual investment options. When plan sponsors have more than one plan, all material plans with necessary disclosure are included.
For 50 years P&I has been collecting data on retirement plans sponsors. The information has been at the asset class level, such as percentage of investments in stable value. The new database collects information at the investment option level.
There are 17 data fields including plan identifiers (name, internal P&I ID, EIN and plan number), manager identifiers (name and internal P&I ID), 10 fields on the investment option (name, assets, asset class hierarchy, active vs. passive, ESG inclusion and vehicle type) and the as-of date.
Data are populated from regulatory filings: Department of Labor 5500s or SEC 11-Ks. Fiscal year 2020 data is available; 2021 data is currently being populated. Generally plans with Dec. 31 fiscal years publish regulatory information late summer and fall of the following year.
The database includes a detailed list page that has the specifics on the investment options and a summary page that aggregates the information by manager and plan sponsors.