Listen to Michael Moran, CFA, Senior Pension Strategist, Goldman Sachs Asset Management, as he provides insights on key pension trends from our 15th annual Pension Review First Take.
Each year, we perform a comprehensive review of defined benefit (DB) pension plans of every company in the S&P 500 and provide initial impressions on the issues and factors impacting corporate DB plan sponsors. In this year’s Pension Review “First Take:” On the Move, we outline key findings from our analysis and several transitions that are impacting the pension landscape, including the following:
Corporate DB funded levels may be on the move as interest rates and equity values rise simultaneously.
Some plan sponsors are increasing their fixed income allocations despite the low funded status and interest rate environment.
Voluntary contribution activity picked up in 2016, and may continue into 2017, given rising PBGC variable-rate premiums.
Each year, we perform a comprehensive review of the DB pension plans of every company in the S&P 500 based on the information they file in their annual 10-K reports with the Securities and Exchange Commission. As in previous years, we have focused our initial analysis in our “First Take” report on the 50 companies in the S&P 500 with the largest US DB plans by asset values based. The goal of this “First Take” review is to provide initial impressions on the issues and factors impacting corporate DB plan sponsors.
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