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    GSAM Insights

    DEFINED CONTRIBUTION 2023 TRENDS

    January 31, 2023  |  4 Minute Read 

    The macro economic environment and recent passage of SECURE Act 2.0 has set up 2023 to be an active year for plan sponsors.  From a business environment perspective, markets continue to be volatile and, the Fed is raising rates to cool the economy.  However, the labor market continues to be fairly strong with low unemployment.  As a result, companies may be bracing for a potential recession focusing on budgets and resourcing constraints. 

     

    In light of the business environment, employers remain focused on developing a resilient workforce with a focus on financial wellbeing and retirement security.  SECURE Act 2.0 will be a catalyst for new plan features that allow sponsors to support a broader range of financial needs impacting retirement savings.

     
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    2023 Defined Contribution Trends

     

    Related Insights

    Glossary

    Hybrid QDIA: A plan qualified default investment alternative (QDIA) whereby participants are transferred from one QDIA investment to another QDIA investment option based on set plan criteria. For example, a hybrid QDIA could default participants to a target date fund then transfer participants to a managed account based on an age trigger.

    Disclosures

    THESE MATERIALS ARE PROVIDED SOLELY ON THE BASIS THAT THEY WILL NOT CONSTITUTE INVESTMENT ADVICE AND WILL NOT FORM A PRIMARY BASIS FOR ANY PERSON'S OR PLAN'S INVESTMENT DECISIONS, AND GOLDMAN SACHS IS NOT A FIDUCIARY WITH RESPECT TO ANY PERSON OR PLAN BY REASON OF PROVIDING THE MATERIAL OR CONTENT HEREIN. PLAN FIDUCIARIES SHOULD CONSIDER THEIR OWN CIRCUMSTANCES IN ASSESSING ANY POTENTIAL INVESTMENT COURSE OF ACTION.

    The views expressed herein are as of January 25, 202 3 and subject to change in the future. Individual portfolio management teams for Goldman Sachs Asset Management may have views and opinions and/or make investment decisions that, in certain instances, may not always be consistent with the views and opinions expressed herein.

    Views and opinions expressed are for informational purposes only and do not constitute a recommendation by Goldman Sachs Asset Management to buy, sell, or hold any security, they should not be construed as investment advice.

    THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO. This material is provided at your request for informational purposes only. It is not an offer or solicitation to buy or sell any securities.

    Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.

    This material is provided for informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities.

    This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client’s account should or would be handled, as appropriate investment strategies depend upon the client’s investment objectives.

    This information discusses general market activity, industry or sector trends, or other broad based economic, market or political conditions and should not be construed as research or investment advice. This material has been prepared by Goldman Sachs Asset Management and is not financial research nor a product of Goldman Sachs Global Investment Research ( It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. Investors are urged to consult with their financial advisors before buying or selling any securities. This information may not be current and Goldman Sachs Asset Management has no obligation to provide any updates or changes.

    Confidentiality

    No part of this material may, without Goldman Sachs Asset Management’s prior written consent, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient.

    Date of First Use: January 31, 2023. 304713 OTU 1734662

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