The largest corporate defined benefit (DB) plan sponsors in the United States are uniquely situated to set the trends that the rest of the industry often follow. They have access to the most sophisticated service providers and to the latest innovative strategies. They also tend to have experienced experts on staff that focus on their DB plans. Gathering and examining what these jumbo-sized plans have been implementing and adjusting helps to not only observe the current trends, but also provides unique insight into where the industry may be heading.
This paper highlights the analysis of the 2018 annual filings of the $20 billion club. We take a look at what changes were made and the trends they may be influencing, by reviewing their:
- Investment policy
- Benefits policy
- Funding policy