- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- Vendor Ratings
- Service Satisfaction
- Top 5 Listings
- Vendor Details
- BlackRock, Inc.
- Capital Group
- Conning
- Dodge & Cox
- Fidelity Investments
- Goldman Sachs Asset Management
- Insight Investment
- LGIM America1
- NISA Investment Advisors, LLC
- PIMCO
- PGIM Fixed Income
- Russell Investments
- Wellington Management Company, LLP
- Western Asset Management Company, LLC
Past Surveys
Industry Trends
DB Plan Status
| 2021 | |
| Open (allows new joiners and ongoing benefit accruals) | 20% |
| Recently closed to new active joiners in the last five (5) years (existing participants at date of close are still accruing benefits) | 6% |
| Closed to new joiners for more than five (5) years (existing participants at date of close are still accruing benefits) | 25% |
| Frozen (closed to new joiners and future accruals) | 40% |
| Other status | 9% |
Current Funded Ratio
| 2021 | |
| Less than 80% | 5% |
| 80% to 90% | 14% |
| >90% to 100% | 30% |
| More than 100% | 51% |
Change in Funded Status since December 2019
| 2021 | |
| Decreased 1% – 3% | 3% |
| Unchanged | 6% |
| Increased 1% – 3% | 22% |
| Increased 4% – 6% | 23% |
| Increased 7% – 10% | 22% |
| Increased >10% | 24% |