Defined Benefit (DB)
Plan Solutions

Your commitments, as our own.

Collaborating on DB plans to tackle funding and volatility issues, pension risk transfer strategies, and more.


Millions of people around the globe depend on DB pension plans to ensure a dignified retirement. As a fiduciary, it falls on you to fulfill your obligations, no matter what lies ahead. This is a weighty responsibility, and in these uncertain times, it may pose a substantial challenge. We can help.

Who we support

We support corporate, public, non-profit, and union DB pension plans of all sizes and levels of maturity.

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Asset/Liability Study

How an ongoing asset/liability study maximized the funded status of a U.S. utility company.

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Public Pension Plan

How a public pension plan evolved their program to enable real-time responses to market events, and lower fees.

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Plan Termination Strategy

How a wood products company removed 40% of plan liabilities with limited impact on company financials.

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Corporate Pension Outsourcing

How a corporate pension plan with $2 billion in assets reduced overall pension management costs by 50%.

Case studies are problem-solving stories. We select a situation that is indicative of problems clients in this category are facing. The recommendations described do not represent a standard strategy or set of recommendations made for all advisory clients with similar issues. Each client has unique requirements, challenges, and constraints, and our advisory solutions are tailored to each client’s specific needs.



14 YRS

Average DB

$26 B

U.S. DB assets


Longest current
DB partnership

87 YRS

In business

As of 12/31/2022.

How we support DB plans

A uniquely flexible approach, for wherever you are on your investment journey.

Strategic guidance

Ensuring you make informed decisions grounded in sound, evidence-based research and practical insight.

Learn about consulting

Investment outsourcing

Asset management and strategic guidance tailored to a level of discretion that suits you, so you can focus on what matters most.

Learn about outsourced CIO

Implementation solutions

A suite of solutions to help your in-house team gain greater portfolio control, limit costs, reduce risk, and enhance returns.

Learn about customized portfolio solutions

We are proud to be globally recognized for excellence in the investment industry.

Russell Investments was ranked as a top global manager of Defined Benefit outsourced assets, out of 26 firms, in CIO Magazine’s “2024 Outsourced-Chief Investments Officer (OCIO) Survey,” based on the AUM from its fully discretionary clients (as of December 31, 2023).

CIO 2023 OCIO Survey - Top DB Outsourcer
Cover to the Corporate pension finance handbook
A corporate pension finance handbook

The challenge of efficiently managing a pension plan continues to grow, and simple, practical guidance is more valuable than ever. Our updated fourth edition addresses significant new developments.

Receive yours today


Liability-Driven Investing

Liability-Driven Investing (LDI) focuses the investment policy and asset allocation decisions on matching the current and future liabilities of the pension plan, shifting the focus from simply beating benchmarks toward improving and stabilizing the plan funded status.

DB / DC harmonization

CFOs, investment committees, and retirement plan sponsors are increasingly capitalizing on the significant synergies achievable by harmonizing both DB and DC plans within a single holistic solution.

Latest DB articles

Hear from our experts on the latest DB insights and research.




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Peter Corippo

Peter Corippo

Managing Director,
Fiduciary Solutions

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