Windows into DC, Q4 2024: Defined contribution net flows return to pre-pandemic levels
Despite significant headwinds in withdrawals, gross inflows have reached new records every year since 2009, supported from both the employer and participant side.
Windows into Defined Contribution, Q2 2024
CITs have accounted for a majority of passive DC assets since 2014 and grew to 61% by the end of 2022 for a total of $1.6 trillion in AUM.
Windows into Defined Contribution, Q1 2024
While mutual funds have lost market share to collective investment trusts among the largest defined contribution plans, they have held on stronger in the small- to mid-sized plan market.
Windows into Defined Contribution, Q4 2023
Gross inflows have increased year-over-year even as net figures plunged, with gross contributions from both employers and participants recording steady growth.
Windows into Defined Contribution, Q2 2023
The more fragmented nature of the advisor-sold market has helped mutual funds hold on as a default choice, as CIT providers must seek out a larger number of plans to account for the same level of assets.
DC Plans Push Through Downturn, Prepare for Bounceback
Collective Investment Trusts have translated marginal advantages, particularly in cost, into significant increases in market share, ultimately capturing a plurality of DC plan assets as of the end of 2021.
Windows into Defined Contribution, Q1 2023
Goods-producing sectors are, as with employment figures, a relative minority, but represent an outsized proportion of DC assets. They accounted for 23% of active participants in DC plans as of year-end 2021 but made up 32% of industry assets over the same period.
Windows into Defined Contribution, Q4 2022
Improvements in job markets and general financial conditions in 2021 translated to accelerating contributions. Inflows overall grew by 9.9% from the prior year, totaling $590.8 billion.