Returns for the 100 largest U.S. public plans during the month ranged from a loss of 1% to a gain of slightly more than 1%, per Milliman.
The stock market rebound in November and December spurred a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.
The 100 largest public plans saw an aggregate investment loss of 1% during the month.
The funded ratio for the 100 largest public funds dropped to less than 73%, while corporate plans rose to 110%.
Contributions and lackluster returns outweighed by benefits payments.