Increasing the diversity of managers is spurring more attention and new ideas from plan sponsors.
Pension investment teams relied on strict rebalancing and opportunistic investing in 2020 to rebuild and grow portfolios.
Record keepers expand virtual communications to help participants maintain and build their retirement accounts during the pandemic.
The largest U.S. retirement funds saw a 6.6% asset increase over the year ended Sept. 30.
Investor views of some alternative investments shaped by COVID-19 and low interest rates have affected the holdings of the 200 largest plans.
Pensions & Investments gathered information for its report of the largest retirement funds, published annually since 1974, in three steps.
Deferred compensation plan assets rose, but state laws that effectively block auto enrollment in these plans hamper growth potential.
Plan sponsors have been slow to adopt ESG funds in their investment lineups, with only 7% offering them.
CalPERS has been moving more assets into equities and fixed income, bucking a trend.
As overall DC plan assets grow, allocations to target-date funds grow even faster.
Although many large plans have relatively new leadership, sources believe most are ready for another 2008-level crisis.
The largest 1,000 U.S. retirement plans saw slower asset growth in the year, following the lingering impact of bad performance in late 2018.
DB plans of the 200 largest U.S. plan sponsors have seen assets in private credit grow by 61.5% over the year ended Sept. 30.