Pension Indicator Updated for April 30, 2024

The Only Constant is Change

By: Matthew Klein, Vice President & Consulting Actuary, USICG

Welcome to the April 30, 2024 edition of the Pension Indicator. While it still carries on, this will be my final commentary. I could not have imagined when this site was launched in 2009 what would have unfolded. The site was started as a direct result of the volatility of the Great Recession and a need to routinely update and reset expectations every month. No one was predicting a decade-plus of interest rates near and eventually hitting historical lows, nor the rapid rebound the past couple years. My only prediction is that the next 15 years will continue to surprise all of us in unexpected ways.

Whether this is your first time finding us or you have been a loyal reader for years, thank you for giving us a few minutes of your time each month.

I want to thank Clearstead for their partnership and to my USI team of Jenna McGee and Adam Russo in developing the content here every month. The commentaries can only go up in quality from here.

As always, thanks for reading, and drop us a comment on how we're doing.

This email address is being protected from spambots. You need JavaScript enabled to view it. or Clearstead to discuss this information further.

For more information on the development of the Pension Indicator, please see our Disclosure document.

Information provided in this article is general in nature, is provided for informational purposes only, and should not be construed as investment advice. Performance data represents past performance. Past performance is not indicative of future results.

Year to Date Investment Mix (Net)
Plan TypeGrowthBalancedLDI LiteLDI
Frozen (for several years) 6.7% 5.2% 3.0% -0.2%
 Recently Frozen 9.0% 7.5% 5.2% 2.0%
 Ongoing Traditional 11.6% 10.1% 7.7% 4.4%
 Cash Balance 7.4% 5.9% 3.7% 0.5%
Month-over-Month Investment Mix (Net)
Plan TypeGrowthBalancedLDI LiteLDI
 Frozen (for several years) 0.7% 0.4% -0.3% -1.1%
 Recently Frozen 2.1% 1.8% 1.1% 0.2%
 Ongoing Traditional 3.7% 3.4% 2.7% 1.8%
 Cash Balance 1.1% 0.8% 0.2% -0.7%
12-Month Change Investment Mix (Net)
Plan TypeGrowthBalancedLDI LiteLDI
 Frozen (for several years) 16.8% 13.6% 9.9% 5.0%
 Recently Frozen 19.4% 16.1% 12.3% 7.3%
 Ongoing Traditional
22.3% 19.0% 15.1% 9.9%
 Cash Balance 17.7% 14.5% 10.7% 5.8%

Please click on the "Historical" tab at the top of the website for longer time periods, including Five-Year and Return Since Inception (1/1/2016).


Frozen Plan 7 31

Recently Frozen Plan 7 31

Ongoing Plan 7 31

Cash Balance 7 31

Disclosure

FINDLEY

 

 USI Consulting Group (USICG) has been delivering retirement consulting and administration services to organizations and their participants for over 40 years. We offer innovative solutions to mitigate risk, stay compliant and protect plan sponsors and fiduciaries with deep commitment to client satisfaction and delivering superior results.

 

 

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 Clearstead is an independent financial advisory firm serving wealthy families and leading institutions across the country. As a fiduciary, it provides wealth management services and investment consulting to enable clients to meet their financial objectives, achieve their aspirations, and build strong futures.